I found my newest property HOA is 350,the price is short saleIs there a calculator to check if it's a good deal

Do you normally prefer to avoid HOA’s for rental use?

The HOA could kill it at any time.

Hi BP,Can my HOA prevent me from renewing my lease with my tenant? 

@Ken Eck I kept getting letters from the HOA about leaving the trash can out, leaving it at the side of the house, length of weeds at the side of the house...and threats of fines.

Don't buy something with an HOA fee, it sucks the cashflow out of the deal.

One thing to consider, often times new developments have a HOA run by a company the builder hires.

(I do not stand by the following information, please perform your own due diligence to confirm its accuracy)Affordable Housing Acquisition FundThis fund aims to ensure the following:Tenants shall have safe & habitable living conditionsProperty owners will not face financial hardshipsPrevents a mass exit in the affordable housing market that results in 2008 V2.0Applicants must adhere to the following guidelines:Owners may not sell the property without notifying HUDHUD must approve of the buyerHUD retains the ability to disclose to the buyer the seller's intent either to sell or transfer the propertyHUD will only allow the following buyers: Non-profits, public housing agencies, Co-op housing, community land trusts, or a state/local gov't agency specified by the Secretary of HUDHUD will provide purchase assistance to eligible buyers up to the full purchase amountThe agreed-upon sale price between buyer & seller may not exceed Fair Market Value (FMV)It must comply with the Cranston-Gonzalez Natural Affordable Housing ActTenants are only subject to just-cause evictionsTenants may not be discriminated against based upon the same criteria in the previous postResidents of affordable housing shall be provided the following free, voluntary services:Healthcare, employment/education assistance, childcare, financial literacy educationTenants shall elect a resident board/council that will control the living & operating conditions of the property (HOA-esque?)

Total down payment was $12,500 and the property needs about $1,000 worth of materials for freshening up which will be done by brother and myself.Property Basics:4 Bed/2 BathGross rents when brother leaves should be $2,800 (Verified with other owners in complex)PITI + HOA is $1870.Electric/Gas/Internet should float between $150-$250.Water in included in HOA.This property will be run as a room by room rental.

Total down payment was $12,500 and the property needs about $1,000 worth of materials for freshening up which will be done by brother and myself.Property Basics:4 Bed/2 BathGross rents when brother leaves should be $2,800 (Verified with other owners in complex)PITI + HOA is $1870.Electric/Gas/Internet should float between $150-$250.Water in included in HOA.