I tend to avoid HOA rental properties altogether because of the convoluted nature of predicting the HOA's behavior and being able to perform due diligence to do so.

In October I bought a townhouse the next town over with a similar demographic and its performing well so far.

We've been in NPLs, but transitioning into Performing and RPLs for scale.

So if you want to connect with LOCAL Investors in the Kansas City Market who invest here regularly, who know the market, who find deals, who buy houses, who fund deals, who renovation and perform maintenance, coming to a VIRTUAL MAREI meeting is a great way to do it.We utilize the Chat box on zoom ALOT so people can connectWe have break out sessions so you can TALK to real live people in the area briefly and potentially take that chat offline later in the week.We have local market updates so you know whats going on. 

Any lender can easily write you a POF or PAL, but you need to make sure they'll actually perform.

Some property sellers will provide a rental history (which may or may not have any detail), some will not.Past performance is not an indication of future returns - for better or worse!  

Best case scenario, is to be able to get the report from the lead paint inspector who performed the inspections/re-inspections. 

A range of types of master leases;  from fixed payments to the owner, to performance leases where you only pay wnen you have a tenant paying you.   

But, if you want to say an agency loan, something like 5% on a 30 year Am, the next question is going to be how does the asset perform? 

For the Section 469(c)(7) relief provision, personal services performed as an employee are not treated as performed in a real property trade or business unless the employee owns more than 5% of the employer for the entire year [IRC Sec. 469(c)(7)(D)(ii); Reg. 1.469-9(c)(5)].