This are the numbers:25 unitsAsking price 1.5MI will offer 1M $11,780 monthly rent income$13,000 annual expenseYes, the expense ratio is low but it's because it's in the island where we do not have property tax, insurance is for liability around 2k a year and it's all concrete structures. 

They would pay us, the management company a small non-refundable annual fee that is basically a third of their traditional deposit.

The property has documented annual rental revenue of $140,000. 

From some preliminary research, it looks like the avg appreciation rate has been around 2.5-2.8% annually, is that about right in your experience?

Along with constant moving.. many of these tenants at least in that market will simply move annually they know the landlords will bend over backwards for a 100% voucher so they just pack up the few things they have an move to a freshly renovated house and leave their old house behind..

If you have any questions on this you might contact a few local realtors to ask about annual appreciation over the past few years.)If after considering all these things you still feel the property will be a loss you should look for a different property.

I received 1.5% annual return for three months and now they paused distributions.

The days of double digit annual appreciation and cash flowing single family homes wont be coming back ....

Factors include: location, amenities, rental potential versus price, per stay and annual fees associated with renting in the HOA, and lastly a subjective measure of overall expected guest experience.Disclaimer: Rankings and subjective comparisons between HOAs are not meant to discredit or heighten one HOA being better than another.

Here is the fee structure:- Flat fee of $595 per transaction (deal over $1M has a higher fee)- 100% commission to agent- Free E&O insurance $1M for every transaction- Updated forms for buy & sale transactions (similar benefits as from the NAR membership)- Annual membership fee of $109X3=$327- No mandate on NAR membership ($550 per year in MA.