Some HOA liens may survive if applicable, to whatever extent they are allowed.

TLDR InfoPurchase: $252,276 (Price: $238,740, Buyers Premium $11,937, Title Closing Costs $1,599)Rehab: $7,630 (Install LVP in bedrooms, bathroom reglaze, other small items)Total: $259,906Appraisal: $305,000Cash out: $183,000 (60%) @ 3.49% 30 years fixedRefinance closing costs: $7,200Rent: $1,910Mortgage: $1,170HOA: $177Maintenance: $150CAPEX: $200Vacancy: $100Cash Flow: $113 Not as much cash flow as we would have liked, but from first look HOA was $150/quarter.

As well, with a lower purchase price compared to SFR with slightly lower rent than SFR, the price-rent ratios for condos are better than SFR's in southern CA (even accounting for HOA).

There are some properties that have a detached unit that you could cash flow or even great for short term rentals (but with the unknown circumstances of COVID, short term rentals may not be the best bet).Also those houses that do have a detached unit, may have rent too high for college students to reasonably live in.When conducting your search, keep in mind that West Palm Beach has many HOA’s.

I have a dilema i have 2 Rentals  they are Residential ALFs ( single family Homes zoned with city as RALF and operating for 15 plus years as such operators get $300K revenue yearly each Home , I have a 3 year lease with 3 year renewal signed and personally guaranteed by 4 individuals operators running place , the comps for a residential home regular is 385,000 but not sure what that means in my case as these can’t be purchased with regular home loans Here are numbers monthly for each RALF$2900 rent eachLandlord pays$50 Hoa each$64 yard maintenance each$50 pool maint Property taxes here are $2300 per year I know move here then is 120 degrees that’s why they are low

I have a dilema i have 2 Rentals they are Residential ALFs ( single family Homes zoned with city as RALF and operating for 15 plus years as such operators get $300K revenue yearly each Home , I have a 3 year lease with 3 year renewal signed and personally guaranteed by 4 individuals operators running place , the comps for a residential home regular is 385,000 but not sure what that means in my case as these can't be purchased with regular home loans Here are numbers monthly for each RALF$2900 rent eachLandlord pays$50 Hoa each$64 yard maintenance each$50 pool maint Property taxes here are $2300 per year I know move here then is 120 degrees that’s why they are low

She’s (presumably) paying the HOA fees, taxes (& mortgage, since the late owner was here less than 5 years).

The big thing here will be the HOAs as many have significant rental restrictions, etc.

.• Talk to the City/County/HOA – Often the issues you have with your neighbors are part of a municipal code or HOA R&Rs; talk to these entities and ask for help and guidance

You have the stability of one tenant and you know when you're going to get rent paid so the vacancy rate will be lower.With short term rentals, a few things:You need to determine if your HOA allows short term rentals, if you have oneYou need to find out the local laws and requirements for short term rentals, if anyIf there are laws/requirements, you should note if there are any cost prohibitive onesWho will manage your & cleaning?