I live in a small (166 homes) HOA.

Holding costs can include taxes, insurance, interest expense, utilities, HOA fees and assessments and some may apply costs required to dispose of the property like advertising or staging a property.I don't see how an App could possibly provide an accurate assessment of a rehab as there are many variables that are subjective such as your market and days on the market, price increases, even seasonal differences need to be considered, but it may be another tool to consider.

What usually happens with condos is that the HOA or condo fees per month wipe out any cash flow you may have received.

To calculate your cash flow:Take your monthly rent, subtract your monthly loan payment on the property, subtract 1/12 of your annual property taxes, subtract 1/12 of your annual insurance premium, subtract any HOA fees.

We will apply the 50% to see if it will cash flow properly, find out what the HOA fee's and the rest of your expenses.

Here is a property that I found as an example http://www.zillow.com/homes/for_sale/Paine-Field.dash.Lake-Stickney-WA/pmf,pf_pt/condo,townhouse_type/38596969_zpid/396858_rid/2-_beds/1000-100000_price/3-391_mp/days_sort/48.57479,-121.416779,47.185979,-123.059235_rect/8_zm/This is 2/1 a condo in Everett with HOA fees of under $200 per month.

Also a lot of the neighborhoods here have HOAs, even for SFRs, and the HOA would not permit a garage conversion either because of the parking issues.

Please tell me, If you have $15,000 to invest...Is it better to buy (with cash) a Section 8 1-bedroom condo that will cashflow at least $350 per month (after all expenses, including HOA)?

Bless you for being willing to post that you represent an HOA.

Comps are around $72k - All cash purchase, so closing costs should be around $600 - Repairs should be under $3k (paint, carpet, drywall repairs) - Rent should be around $950-$1050 (two PMs and a Realtor pulled existing rental amounts) - Total monthly expenses $513: $105 Taxes $33 Insurance $67 Vacancy (7%) $48 Repairs (5%) $95 PM (10%) $165 HOA (includes water) - Monthly cash flow should be around $437 Have I missed anything important?