Good call on verifying with HOA.

Expenses HOA - $125/month,TAXES - $222/month, INSURANCE - $333/month, Property management - 8% of rent = $240/month.

We were super lucky to have hit relatively low rates (15-year 2%-3% range) that we would not see again today.The Dallas property is now rented, giving a almost zero cash flow over a 15-year fixed mortgage, until the recent HOA increase pushed it into the negative side slightly.

I'm not sure the premium vs the basic version (I only have premium) but for any property, I can itemize the purchase price, current value, tag the associated mortgage, my assumption on appreciation, its rental income, all of its expenses (including taxes, yearly mainteance, capex, insurance, HOA, property management, depreciation and other), its estimated sale timing/and fees. 

Are there any condos where the HOA allows short term rentals in the galleria or westchase area? 

Everything was running fine until Underwriting wants to know about the 10% for reserves in the HOA account.

Last thought is to try to sell it to an investor since the HOA allows rentals and do a direct sale off market?

Be very cognizant of the STR and HOA laws and codes wherever you plan to do this.

@Nicholas Williams if you're doing a condo, just make sure to do your due diligence with the HOA that they allow the type of rental you are planning to do and that they are at capacity still to allow more. 

HOA, no homestead exemption, because my primary residence is in PA.