You need to evaluate the HOA and its management, with a focus on the reserve account percentages.

During your analysis did you include a percentage amount for vacancy, maintenance, and cap x?

As a lender the pros are that the funds can grow at a particular percentage that the funds are lent at.

- The same can be said of high percentage increases.

Promising a high payback percentage plus a point for each month it’s not paid.

As it relates to habitation exposures, it appears that there may be a leveling off in premiums, rates, and deductibles here recently, but there's so many different variables that it's really hard to make a blanket prediction for 2025 (or the future). 

I just mean to say that I don't think there is anything wrong with their business plan, their operational expertise, and so on, so unless something melts the economy down, it seems as though Brian integrity of the operators is the only remaining variable. 

They were fine with my score (about 740), but have issue with the percentage of personal credit I am utilizing, so that discussion also petered out.Apparently, I have a lending profile right now, that is not attractive to mainstream lending programs.Any advice?

They handle everything—guest communication, pricing optimization, cleaning coordination, and maintenance—allowing you to focus on scaling or other priorities.While you pay a percentage of your revenue, the time and stress saved often outweigh the cost, especially with larger portfolios.

Even with a property manager taking a percentage, you’d still see a return, and it might save you a lot of stress managing the property from out of state.