As with any type of investment, investors should list the estimated costs to calculate their potential profit.Costs to consider on fix-and-flipsRepairs (always be conservative)Carrying costs (interest, points)Monthly costs (utilities, HOAs, insurance, taxes)Buying costs (back taxes, cash for keys, liens, code violations)Selling costs (commissions, closing costs, transfer fees, title insurance)Unexpected costs (add $5,000 to be safe)These are the basic costs investors should consider.

Condos can definitely be a less scary way for a newer investor to get started and grow from there.As Joe mentioned above, you will definitely want to add in the HOA fees and any other special assessments into your cash flow analysis.

It’s far more difficult to form the HOA, obtain the approvals and new tax ID’s than it is to extinguish the existing one and would advise against it. 

The house is at a nice area with HOA, which requires at least 6 month rent. 

(downpayment, closing costs, HOA fees, renovation, furniture...etc?)

I have a own a successful property management in the Bay Area focusing on multi-family buildings and HOAs.

Hi I own a rental apartment in an HOA complex that is rented out to a person who is part of state funded DDS program.

Find an hoa that is cool with short term.

I enjoy them.When I buy my 1.1k ish sqft for $200/ft and less than $275/mo HOA winter condo, I'll bring my own car and skates👍

Otherwise, just buy a home with no HOA (if you want the option to do MTR and STR and not risk them setting rental rules) with as many bedrooms as makes sense for the numbers.