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Investors buy in an HOA because properties are cheap, but then they quickly realize Nazis and busy-bodies run the HOA.You can try to build a coalition of owners and fight back against the charge, but it's unlikely to change.

In fact, we just closed a new buyer on a beautiful turn of the century duplex in Duluth allowing him to househack the upper level. 

If you click on the magnifying glass in the upper corner I’m sure you can find the first 100 times this has been said/asked.

You’re not getting the instant equity as you would with fixer uppers with rehabs.

I've had really good luck with the upper starter home level homes with an ARV around the 150,000 mark.

I see we're wearing our busy-body bossy pants today.  

A colleague of mine in Scottsdale recently used it to turn a fixer-upper into a profitable rental within months.

Contractors.Except we called it " buying a beat up hose & selling it for a profit"HGTV and GURUS  couldn't make it sound trendy though  ROFLMAO  More fun facts; The oldest contractor licensing body in the United States is the California License Board founded in 1929.Contractors are called contractors because we write Contracts.

With the run up of multi family prices, relatively high rates and the 3.5% low down payment this is virtually impossible (outside of some markets in the upper midwest) to make happen.