If the numbers are right and there are other items in the "plus" column it could be worth hanging on.There's really too many unknown variables here to give you a meaningful opinion from here, like: prices, rents, amount of cashflow and equity, your longterm plan...

After that is confirmed, figure out what items the HOA is responsible for and what reserves might be needed in the next few years to pay those Capex projects.

So what happens is they will let items (like leaks) occur and just deal with it.

Please include the following 5 items: Clear copy of your Driver's License Current Voided check or Bank Deposit Slip: This serves as a secondary form of ID, we may cross reference check with the bank to verify your identity.

The inspection will fail for serious items like dead battery in a smoke detector or trivial items like missing 1 screw on a outlet or switch cover plate.Faill the inspection and they will advise the tenant to move out!

You have no ownersship, and even the “lien” is I guess is in the tax collector’s name....they get paid when the certificates are paid off, then pay you your share.

A couple weeks ago I noticed my neighbors were suddenly gone, but occasionally they'd come back to collect certain items but never over night.

Given you did a pretty good job identifying expenses and have a line item for your utilities I don't think you would have missed that.However I also agree that 5% maintenance is kind of low especially if you aren't putting away anything towards CapEx reserves too.

But in some cases, all of the nearby rentals already include these items, so it can be tougher to get a good tenant when you are lacking something that the competition has.

We have the LLC because we want brand our business and we plan on holding property for resale and rentals in the future.It was one of the first items on our "vision board" and helped us start moving forward.