It would be just like paying an HOA fee (or a trip to Costco) and I'll get net a return 9-10 percent, right?

I do have a bunch of questions to post in the different forums, such as finding more financing resources since most banks wont allow me any more loans under the fannie mac guideline limits, Insurance has been a big pain for me also trying to find general liability coverage ( all my properties are condos/townhomes and insurance is provided for the dwelling through HOA dues ) so i need insurance, umbrella coverage for all my properties but none of the big players are willing to help so i will post in the proper forum also.

Well that 1BR/1BA cost $435,000, has about a 1% property tax, and monthly HOA of $320.

HOA managers/board members sometimes envision the worst, therefore they take action to nip bad behavior early.

Their value and utility will vary by state.https://www.biggerpockets.com/forums/67/topics/67064-why-do-investors-buy-hoa-liens-at-auctionhttps://www.biggerpockets.com/forums/41/topics/72805-purchase-an-hoa-lien--on-purpose-this-time

I would expect the landlord to pay any fees being charged by the HOA.

Mortgage is on 15 yrs term and including expected property taxes, HOA (~$200), P & I etc, its coming about 650/mnth.

Also, with a condo/apartment style/townhouse you may have HOA dues that you may want to factor in.

not too shabby from a cash flow perspective, but your gross profit (excluding insurance, taxes, HOA, repairs, etc.. aka non-financing costs) would reduce this to less than an 8.6% CoC return.

Is the insurance included in the HOA?