A quick rule of thumb: with the Purchase price being $220K and rent being $1800/month, it doesn't even meet the 1% rule , if it were to be rented for 1% (220K x 0.01= $2200/month), it would most likely work out for you but this doesn't seem like the numbers work.Long story short, no deal- unless you can raise the rent and/or lower your PITI.

If you are purchasing Real Estate to cash flow you shouldn't buy based on the 1% rule.

Some set rules of 20%, or 30% or a specific dollar amount such as $30,000.

If 75%, what’s a good rule of thumb for cash flow?

If 75%, what’s a good rule of thumb for cash flow? 

I'm not sure what market you're in but you might want to do some research and find out if the 1% rule is common for rentals there.

Doesn’t come close to the 1% rule.

One owner in town finally gave up fighting the city and sold a building they were breaking the rules with.

Any remaining dues follow the "first in time, first in line" rule and will fall in order based on when the hoa recorded their lien. 

And expenses were not included in the Brokers packet so I am going on a rule of thumb of 50%.