There is a strip of land outside of my property line that my HOA says I must maintain or they will fine me.

Sadly, I had apprx 3.5 months in cash reserves and am now out of pocket each month for the mortgage and HOA. 

I have a potential renter in Florida who has moved to country 2 months ago as he bought a business.He is agreeable to pay 6 months worth of rent and for another 6 months after that.He does not have a SSN so can’t do background check.The house is in an HOA community so I don’t know whether they will agree.What are your thoughts ?

We wanted 3 bedrooms, pet friendly, close to the mountain resort and nightlife, walking distance if available, and the unit had to have a strong HOA, need a lot of work - so we could negotiate the price down and add value - and be in a prime location for future development.

HOA fees.  

What you are referring to is the HOA Manager, the Manager of HOA is responsible for the Common Grounds not the inside of the unit.

Single family town house. 2bed/1bathHouse price: $195,00020% down payment: $45,000 (including closing costs) monthly note: $1200 (not including expenses/30 year mortgage @5% and HOA)average rent in area : $1500 (2bed/1bath)It looks like a good deal to me but I know that you guys will tell me the right things!

I'm newly elected to an HOA Board for a building that is 65% commercial with one owner and 35% residential with 35 owners.

HI Amanda- everyone already has shared great ideas, but I would also like to add, maybe act like an HOA person as the landlord?

Some more to add would be Property Tax while you own it Insuarance- you will need to have with any loan .HOA fees if applicable.Utilities if applicable.Rehab Budgets almost always go over and take longer.Sales usually take longer and go for less than the estimated ARV.And if your using a broker take deduct their fees and the selling closing fees from your estimated sales price.Just leave yourself a nice margin at every level , the worst case you’ll make more than you over budgeted , or walked away from a deal that likely wasn’t that good to start.Best of luck.