Self managed HOAs are usually undercapitalized so you want to take a thorough review of the condition of the community to make sure there isn’t deferred maintenance because you might get hit with a special assessment if the board isn’t setting aside cash for those capital improvements.At face value, taking into consideration my typical financial objectives, I wouldn’t do this deal unless it was a much lower price.

.🔹 Trust But Verify – Set up accountability metrics, KPIs, and reporting systems so you oversee performance without micromanaging.🔹 Know Your Role – Your job is to build and grow your portfolio, not handle every maintenance request.Final Thought: What’s One Thing You Can Let Go of Today?

If I were down there I would think about setting up a food truck or 10 or 20 and serving breakfast burritos 24 hours a day with some good hot coffee.Just my 2 cents.

What are the best sources or methods you use to accurately set rental rates in your area?

I am also active with Flips and own a few 4 plexes...Im a licensed NM Realtor would be happy to help set up a few searches, look at properties (Virtually as well), and tell you more about specific areas of town with the pro's and con's of each. 

Sounds like a problem with setting expectations.

Presenting these insights to clients sets you apart from the competition.

I picked up the BRRRR method book and feeling confident in setting it all up (we did a similar process for our Airbnbs).  

I recommend renting it as a 4/4 and being clear about the set up. 

It does beat the expected inflation rate of 2% set by the Fed.Rents will remain about the sameWhat’s interesting is they also expect:A 11.7% increase in existing home inventory followed by Single-family new home starts growing at an impressive 13.8%.