Next to 65 condos with an HOA.

Hi all,Will lenders look at the just minimum mortgage payment that’s on my credit report or will they include the HOA and home insurance (Those 2 are not escrowed) in my debt to income ratios when they’re qualifying me for the second mortgage. 

Unfortunately for me, my HOA prohibits rentals lower than 6 months.

MAKE SURE YOUR HOA ALLOWS NON-OWNER OCCUPIED UNITS!!!!

Do you have something in the purchase paperwork or docs that specifies HOA fees? 

HOA covers all utilities .What are the pros and cons in this concept?

My Condo HOA passed a CCR that each Duplex Condo can only rent 1 unit.

Now make your rent $1,550, and forget "pet rent"; yet charge for pet deposit, exclude breed per insurance and local regs/hoa, and just accept that you will put in new floors when they move out (don't put in super nice floors in the first place).

Here is what must take into consideration.1.Income:Rental income=$2000Laundry=0Storage=0Misc=0Total monthly income:$20002.Expenses:Tax:$150.00Insurance:$100.00Utilities: Electric, sewer, water, trash and gas:$0.00HOA fees or Home Owner Association:$0.00( it will only cost nothing if the home is not located in a HOA area.)Lawn care:$0.00Vacancy:$100.00Repairs:$100.00Capital expenditures: $100.00Property management:$200.00Mortgage(only if you don't pay cash):$860.00(Assumptions about mortgage:Put down money for a down payment.Get a $160000 mortgage with 5 percent interest in a 30 year span.)Total monthly expenses:$1610.003.Cash flow:Income:$2000.00Minus expenses:$1610.00Total monthly cash flow:$390.004.Cash on cash ROI or return on investment:Down payment:$40000Clothing cost:$3000Repair money or rehab budget:$7000Misc other:$0.00Total investment:$50000$390.00*12=$4680.00Annual cash flow=4680Total investment =500004860÷50000= 9.36 percentCash on cash ROI is equal to 9.36 percent.

I do own a couple of condos and HOA covers all, but new to SFH, I was talking to a friend who owns a home and insist that tenants are responsible for all utilities?