It seems to be a pretty natural evolution for many investors.

Hi everyone, I recently purchased a rental property in a condo managed by an HOA, and I’m dealing with a challenging situation that I’d appreciate advice on.

But, they will be in challenging parts of town where realistically you do not want to own property and your long-run returns will under-perform.I'd encourage you to find a balance of sub-market growth, nearby employment, strong income, and only then a good rent-to-value ratio. 

It was a challenge How did you find this deal and how did you negotiate it?

House HackAttend as many REI meetups as you can to grow your network of investors for referrals, help through challenges you may incur but don't have experience with, and learn from proven guest speakersNetworking app like blinq to compile all of your contacts for REI in one area with phone and emailbegin conversations with local credit unions exploring what type of loan products they offer

Flipping on a land lease with high HOA fees = challenges that could impact profitability. $700/month HOA fee may deter buyers, elongating your resale timeline, and could push your ARV closer to the lower end of your range.

One thing that is really challenging about this market is the huge number of agents and groups that are here.Thanks again!

Challenges?

While you’ll get your initial investment back, the first 5 years will be challenging due to the ongoing costs.Let me know if you have any further questions or want to explore these numbers in more detail—I’d be happy to help!

From reading other posts this year has been particularly challenging.