In reality, the complex took longer than expected to build, the market tanked, the Newark Bay was black & smelly, and he got stuck being a landlord for 10 years with the rent money barely covering his mortgage, taxes, and HOA fees.There is a lot to learn from this book and its an entertaining read for any Bigger Pockets fan!

Not every city has those propeties, especially on most of the coast cities.Remember, condo have high HOA connected to it.

We have received a violation notice from HOA to paint the fence which was installed by community and on the side of our lot.

@Gevin Glines is the gated community under an HOA/COA at all?

If your property tax, insurance, mortgage, interest, maybe PMI, property management fees, hoa, maintenance fees, vagancy is not exceeding your rent income, and you do have a positive cashflow than go ahead.

I’d like to know as I’m still in the due diligence period, and if this is an HOA issue, I can see an uphill battle on that one.The minimum requirements only mention debris in and outside of the actual unit, but it’s also pretty vague about most sections of the standards. 

I'd like to know as I'm still in the due diligence period, and if this is an HOA issue, I can see an uphill battle on that one.The minimum requirements only mention debris in and outside of the actual unit, but it’s also pretty vague about most sections of the standards.

Total Loan  $ 94,500.00 % Down Payment 25.00% Down Payment $ 23,625 Remainder of closing costs $5,500.00 Cash at Closing (Renovation Cost) $0.00 Total Due at Signing $ 29,125 Mortgage Rate 5.50% Length of Mortgage in years 30 Monthly Mortgage payment $402.42 Taxes $ 250.67 Sewer and Water $ 125.00 Trash $ 100.00 Heat/Utilities $ 25.00 HOA/Legal $ 8.50 Cap Ex and Ops $ 300.00 Insurance $ 125.00 Mgmt Fee $ 240.00 Vacancy $ 194.40 Total Expenses $1,770.99 Unit 1 $ 800.00 Unit 2 $ 800.00 Unit 3 $ 800.00 Total Revenue $ 2,400.00 Cashflow/month $ 629.01 Cashflow/year $ 7,548.15 Cash on Cash Return 25.92% The place is along the lower, main street in St J. 

Also depending on the location you can really save on taxes, H06, and any HOA fee's if its not a SFR. 

@Roland Brown not at the moment. the home we bought here in McKinney is our primary residence and wouldn't make much sense as a rental, especially with the HOA fees (something we rarely experienced in CA).