Are you sure that pro-rated taxes or HOA aren't included?

The HOA?

Closing this morning on a Short Sale transaction with two lien holders and an HOA lien that has been over 9 long months of crazy ups and downs.

I'm allowed to deduct mortgage interest, property taxes and HOA just for the last 4 months?

Though I still don't think there would be any law that requires an HOA to provide cable to occupants of a multi-unit building.

Also most owners will want their payment, taxes, insurance, HOA, maintenance and profit and the payment they want is far above the rents in the area.I would focus on landlords, many have gotten discouraged with trying to sell their property so they are renting it and the payment they will be asking will usually be the going rent in the area.

One of my tests showed 500 vacant parcels , but less than 25 parcels that were buildable and/or owned by individuals as opposed to owned by munis or developments/hoas.

Check with the HOA and see if there is any pending litigation.

Routine closing costs would NOT be operating items such as prorated rents, prorated property taxes, HOA fees, fees or costs paid to or required by the lender, security deposits paid to buyer, etc.

The carrying cost of the land before you cash out is a major consideration.If you buy a residential lot for example for 10k and it sold at the height for 30k and then held for 2 years it might look like this.10k in, holding costs of property tax and HOA of 2,400 a year by 2 years you have 14,800 in plus closing costs when you bought and when you sold.If the land doubles in value to 20k say you have 16k in and get 20k out for a gross profit of 4k over 2 years.You are getting a 20% return each year 2k off the of the investment.