The rent I collected during my approximate 14 months of ownership basically covered the rehab and other minor maintenance things I had come up.

As for the cost of dues in an HOA, those are typically determined by the age of the property, the level of maintenance required and whether the HOA is putting away enough in reserves as they are required to do so for capital expenditures like new roofs, road work on private roads, maintaining driveways, etc..

Inquire about home many they have, ask how they do maintenance, fees, hourly rates, how they handle late fees, have your attorney read their msa (master service agreement) and understand the more bells and whistles they have to pay for, the smaller your returns.

I assume the rules for analyzing the numbers are very similar to a SFH rental (HOA fees are present I know and maintenance expenses are different I’d assume).

(F.S. 83.56(4)You can have your contractor go in for the mold remediation or any other maintenance you need to do for the "protection or preservation of the premises." 

Usually you'll want to have something in there that tenant will report maintenance issues within 24hrs as well.So then when the drain clogs full of grease, tenant pays,  tree roots landlord pays ...

I am still at the point in my journey where I want to do most of the maintenance myself and therefore having our two investments juxtaposed is very appealing. 

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I have a few others in the same area so  I figure this would keep the maintenance numbers low since I already stop in the area to keep an eye on the other places, mow, debris pick up ect.

In Bridgeport, CT the investment is about 10% of rents collected which frees you from taking resident phone calls, coordinating maintenance, leasing vacancies, bookkeeping and accounting P&L's, conducting inspections and making property payments.