He missed the target by nearly a month and we ended up paying holding costs, HOA, Utilities etc for an extra 6 months until finally selling in the spring for a reduced price.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Also, for those dealing with an HOA, make sure you put the right HOA contact in contact with the title company.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

The expenses of the mortgage, property taxes & insurance and HOA (if applicable would have to be at or below the number- in this example, $8,000).

More than 1/2 of that is HOA issues, so if you don’t have them you should be spending 15 -30 minutes a year with a bookkeeper, a few hours without. 

My opinion is no because of HOAs and their rules and they can increase HOA fees with no limit on top of your pro-tenant laws. 

Property taxes in Rowan County are generally reasonable, but confirm specific numbers and any potential HOA fees or maintenance costs.

Send me a DM with your full number (purchase price, estimated sale price, current mortgage payment, hoa(?)

Pete) and have narrowed it down to finding a single family home with a pool in the unincorporated Bay Pines area or Indian Rocks Beach (note, it took a long time for me to get over my beach view condo dream in a popular area but HOA fees and restrictions helped!).