@Tony Thomas So, is the seller increasing their sale price in exchange for a 0% interest rate?

A potential goldmine for those seeking to increase property value and generate rental income.However, navigating this opportunity requires strategic planning.

Unfortunately, Covid decided to change my plans, and I made the decision to hold off, in hindsight it was a huge mistake and no one could have imagined that property values could have increased at such a high rate.

A lot of lenders used to apply 35% for expenses, but in the last several years, the numbers for supplies, labor, utilities, taxes, etc… have increased significantly.Also take into account the age, occupancy and how has the property been maintained, this will affect the expenses too

It is essentially the last town before the pass.Regarding what @Lisa Marie said, there are is a ton of good info in there but for your needs, you need to increase the cost to clean.

Would the value of the remodel increase the rents or the selling price that would out weight the cost? 

They are also not prevalent in this stage of the market cycle. 

The median home value in Phoenix as of April 2023 was $368,657, which is a 23.5% increase from the previous year. 

This equity capture can increase your net worth big time.

This means that not only do we lose the unpaid assessments, but we may also owe the management company the continually increasing pile of late fees.