If you get your DSCR, or any other loan, that is Non-Recourse where taxes, insurances, HOA, etc... are all under an entity and you are NOT personally liable, then and only then will Freddie allow you to exclude all liabilities for that property. 

The Village at West Meadow Townhomes HOA 4545 N 67th Ave Phoenix, Az 85033 2550 E Rose Garden Ln, #71384 Phoenix, AZ 85050 July 18, 2024 RE: Introductory Letter to Village at West Meadow Townhomes HOA Homeowners Dear Village at West Meadow Townhomes HOA Homeowners, The Village at West Meadow Townhomes HOA Board of Directors has instructed PMI Phoenix Valley to initiate the Leasing Management Program for all homeowners.

The rental property is in a HOA community that has a 30 day minimum lease term so converting to a STR isn't an option. 

In the Pocono area I would focus on seeking out Townships and HOA's that allow STR's as not all do.

Is maintenance on a “solid” house cheaper than expensive HOA fees?

@Timothy Hero I have a similar situation, I believe the stabilized value will be around 1.4M.Gross rents: $12800/moTaxes: $667/moInsurance: $828/moNo HOA

I haven't set specific targets beyond this initial goal, but I may aim to increase my passive income to $5,000 or $10,000 per month in the future.Current PropertiesI currently have two properties:The Loft:This property is rented out long-term and generates around $300 per month in passive income after HOA and management fees.The loft has approximately $100,000 in equity.The House:This is a brand-new build (2024) that I'm currently occupying through house hacking.I invested $70,000 in the property, which means I have $70,000 in equity.My plan is to convert this property into an Airbnb or long-term rental within the next two years.Short-term rental comps suggest I can earn around $3,500-$4,000 per month, while long-term rental comps indicate I can earn around $3,000-$3,300 per month.Seeking AdviceGiven my upcoming financial situation, I'm seeking advice on the best course of action.

With following the 28/36 rule, my income allows me to either purchase a property up to 430K with no HOA fees. 

@Cheryl A Perna- thanks ...the proeprty will need to be a condo as there are no SFRs in the downtown area you mention ...condo market in seattle  is  much softer  than the  SFR market right now ...its a buyers  market with many units for sale ...the price ranges are still high and if you want to try to break even with renting it part time - it may be tough to do   especially  when factoring HOA dues into it  . 

PROS of this villa: Great tenant, villa has appreciated 100k in 5 years, low HOA fees, locked in a Low interest rate.