Our one property is in Citrus county and we live in Levy county but do have other counties very close by us.

@Levi Koskan the answer to your question is probably in your management agreement. 

LLCs are subject to franchise & excise taxes.

Purchase Price $95,000.00 Estimated Repair Cost $40,000.00 ARV $189,000.00 Purchase Price $95,000.00 Purchase Closing Costs $3,800.00 Repairs $40,000.00 Holding Costs (W/S/G/PUD/etc) $6,000.00 Down Payment (Skin in the game) $15,000.00 Total Invested $144,800.00 Total Cash Needed From Lender $129,800.00 Points charged by lender 2.5 Points added to loan+ servicing fee $4,745.00 Total Loan Owed Lender $134,545.00 After Repair Value $189,000.00 County Excise Tax Rate 1.53% Excise (sale) tax amount $2,891.70 Realtor Fees 6% $11,340.00 Our Closing Costs $3,000.00 Their closing costs (they'll ask) $3,000.00 Total debits at closing $20,231.70 Total cash received if sold now $168,768.30 Total Money in The Deal $149,545.00 Total Profit (pre-income tax): $19,223.30

The "final judgement" price is $43,000, which is levied by the Condo Association for unpaid Special Assessment fee's.

So the $390/month profit you have now could go down significantly in future years.Second, the HOA can levy a special assessment at any time.

Legally in the state of missouri - city own utilities can bill the owner for renters upaid bills.In Kansas City Missouri, if your renter does not pay their bill, they receive a bill next month that says pay or they will shut off the water - they will receive this type of bill and notice for years and years and years until the bill if of a substantial amount.They then hire an attorney, file suit and then levy a judgment against the property and the owner, because you should have known your renter was not paying their bill.If you own a property in KCMO you should include the water utility in the bill and have it in your own name OR have a revert to owner set up with KCMO water, so if the renter does not pay, the bill reverts to you. 

@Gidon Levy

We just heard the levy’s are giving way for hurricane IDA.

The association has a lien on a unit for any assessment levied against that unit from the time the assessment becomes due.