Florida is also a unique state when is comes to HOA dues, and HOA's in Florida are like the mob when it comes to their strong arm tactics for getting paid. 

My tenant is a young women but raised by a strong mother who taught her to stand up for herself.The neighbor is intent upon getting the HOA or me to boot my tenant out. 

I am thinking that an HOA can handle more than one community/complex.

What does the HOA cover for those monthly fees?

I’m including 300$ for hoa, 200$ cap eX, 10% rent for property management.

Another thing to be aware of is the HOA fees, which could potentially reduce or even kill cash  flow.

They were asking for 150k and since it is a heavy sellers market in this area right now i offered to pay closing costs for a total loan amount of 156k and a 320$ monthly HOA fee that covers the entire exterior, sewage, water, lawn maintenance, and the ammenities in the community.

Here are the numbers as I see this place as a rental at the max rents you mentioned: Total Due at Signing $ 55,500 Mortgage Rate 4.50% Length of Mortgage in years 30 Monthly Mortgage payment $760.03 Taxes $ 425.58 Sewer and Water $ 100.00 Trash $ - Heat/Utilities $ - HOA/Legal $ - Cap Ex and Ops $ 200.00 Insurance $ 110.00 Mgmt Fee $ 220.00 Vacancy $ 110.00 Total Expenses $1,925.61 Unit 1 $ 1,100.00 Unit 2 $ 1,100.00 Unit 3 $ - Unit 4 $ - Unit 5 $ - Unit 6 $ - Total Revenue $ 2,200.00 Cashflow/month $ 274.39 Cashflow/year $ 3,292.66 Cash on Cash Return 5.93%

Do the numbers make sense after you pay the HOA?

That is a critical piece of the BRRRR process and being to use the income from the property to offset 125% of the PITI+HOA on the deal.