Not once have I gone to retail owner occupant homebuyer with "ya, so, turns out this HOA is a pile of garbage, meaning you can't get a government subsidized 30YF with a good interest rate.

Garbage for one.. has a huge payday...  

Once the management company has to enforce the lease for late rent, tenant damages, or doesn't agree to schedule an emergency repair for your garbage disposal they clogged midnight on Saturday, you will get a call that goes something like this.....

Those "Give me $5000 up front and I'll teach you for 3 months" garbage is not what you're looking for.

That will show (should) everything from what units are paying rent on time through the cost to repair a garbage disposal.

Even though I know what they were proposing was absolute garbage, make $115,000 your first flip and we have a classified lists of (R.E.O's), I was enticed and charmed like a snake and a flute.  

At one point they included garbage and water, but eventually they did away with that.  

You can learn more about the RE business by just learning the rental market and moving some rental units then moving garbage via unlicensed activities.

I met with the tenant already and did a walk through.Purchase Price is 74k, HOA fee is 175/m which includes water, garbage, snow removal and landscaping. 

If you are within the city limits you get all the city service, water, fire, police, garbage, and so on.