In a healthy Association, they've taken into account that this will need to be replaced, and have planned for it, essentially charging everyone who has lived there over the last 20 years a nominal amount to be put toward the new roof when it's needed.With an unhealthy Association, they try to keep HOA dues artificially low, and when a repair is needed, they levy a Special Assessment, which puts the financial responsibility on those who live there currently. 

I have a clause in the lease stating that " Any notice to terminate this tenancy must comply with the applicable legislation of the State of Texas (the "Act")." and "a re-rent levy fee of $500 will be charged to the Tenant". 

@Ted Akers  yes for instance this would not work well in WA with the excise tax of 1.78% or there about on title transfers.this was a low end deal in GA so it was a normal wholesaler approach I think the guy made 10k on the deal we made a few bucks and they absorbed the one closing costs and transfer tax which was probably nominal I would have to look at the hud.I can see this working in states were double escrows are not allowed any more... or if a wholesaler wanted to put to bed the thought that they are selling re without a license.. you know the wild wild west out there in that industry were basically anything goes   until it does not  LOL.I am NMLS mortgage banker sitting in the bullpen.. my license is on ICE but I do the CE.. just don't want to have to take the test again incase I want to jump back into doing HML.. so for right now taking title is a clear path.. no securities issues no licensing issues.. etc etc.. and 100% control. the only way I will do this these days.. but then again my clients are well known to me for more than a decade most of them and they are high volume flippers etc... so we have a lot going on...

@Levi PerlKeeping your current tenant and going up that much high chance they move out but I agree with others that you need to do some market comps and see what others charge and what if any amenities they have compared to your home

@Levi SiegelVery limited info, so can't be all that much help here. 

Can you please shares insights on the cost structures with respect to the various taxes levied and cost to run (cleaning, handyman, utilities etc).

Hey @Jay Levy, an easy option is to use keycheck to run your background and credit checks.

I'm unsure how to stop this, but governmental action in this case I think is justified.This is probably a common problem in a lot of areas and could somewhat easily be addressed by special tax levies at the county level on any entity-owned and out of area absentee-owned residential property.  3x their property taxes and action will be taken in addition to much less purchases going forward.  

The relationship is between the HOA and you (the homeowner), so the fee is levied against the owner of the house.

Originally posted by @Levi Dejong:@Frank Patalano finding cash for that first down payment  Levi, you have to sacrifice something.