You should learn how to analyze property to ensure it's going to pay for itself.A couple suggestions:1.

Quote from @Caleb Brown: Is the property worth the higher price to pay off the loans?

Maybe they would/could take it upon themselves to pay for the repairs to the roof to salvage your unit and prevent further damage then they would go after the HOA to recoup costs.

If you do not wish to pay the increased rent you may decide to seek other housing.

How would you pay for that?

Quote from @Aaron Letzeiser: Quote from @Mohit Gupta: @Steven Toth I was actually able to find multiple carriers who would insure for a slightly higher premium, which I am happy to pay.

Could always get lucky and sell to an investor who pays higher, or it appreciates faster as it becomes more desirable with density increases.

I bought 1 House out right, I am refinancing for 100k. had 1 renter paying 1000. using the refinance to purchase the second property, and putting renter for 1400. it will also need 25k in repairs.

Trying to figure out what I can/should expect to charge for 1)Purchase price; 2) Down payment and; 3) the spread per month if any on what I pay per month.

There's very little way to go wrong here since the alternative is paying to live somewhere else anyway.