Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

HOA Dynamics: How has your experience been with condo associations in this type of asset?

There is no insurance that covers an increase in HOA assessments. 

I am looking at a few 4 bed 2.5 bath no HOA properties in pflugerville that I would like to convert into to 8 bed 3 bath properties. 

I dont believe there is any kind of HOA or ruling organization for these group of houses but it has me concerned that if one day they all decide they want to repave the driveway or add lighting or something along those lines, they would try and make everyone chip in and pay their fair share. 

If any place has HOA/POA I would be very careful with those restrictions and talk to plenty of people including every board member before buying about their views on STR. 

In an unexplainable way, I enjoy having the HOA fee, but also do not.

Maybe paying off credit card debt or other debt on your report to reduce the minimum payments, increasing the downpayment, finding a house that doesnt require HOA or flood insurance (if applicable), etc.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

You also need to account for taxes, insurance, HOA dues and management fees.