HOA though I would not imagine would be different.

I want to see $150/month cash flow AND 15% Cash on Cash return.Here is how I see this deal:Monthly Mortgage payment$0.00Taxes $66.67Sewer and Water $- (tenant paid)Trash $- (tenant paid)Heat/Utilities $- (tenant paid)HOA $- (none)Cap Ex and Ops $150.00Insurance $54.17Mgmt Fee $- (self managed)Vacancy $44.00Total Expenses $314.83Total Revenue $550.00Cashflow/month $235.17Cashflow/year $2,822.00Cash on Cash Return 15.25%

I am not a big fan of the HOA side of it but $170/m for water, trash, exterior maintenace and pest control seeks pretty reasonable.Number don't look.

Long story short I had asked my agent a few times what the hoa fees were as the margins were thin on this property.

@Jonathan Avila - At a $70k purchase the rent hits what I consider to me the minimum ROI - But this is a condo so the HOA needs to be taken into consideration.

Cash purchase with minimal holding costs: taxes, HOA ($200) and insurance.

She has been wanting to move out for years now because she needs a bigger place and feels stuck with the whole process and a little tight on the $$$.She is currently paying $1,229.49 for her mortgage (incl. taxes) and $200 more to the HOA on her property.

., rental income on two tax returns) you will able to include rental income when qualifying for loans.Lenders will want to see six months PITI (plus anything like HOA fees) for the new loan and two months for all existing ones.

With a SFR home you can choose which landscaper to hire or if to hire one at all while the property manager at a Condo or HOA hires their drunk brother-in-law who does a terrible job and charges way to much (I'm joking but I have seen HOA boards make really bad financial decisions on behalf of everyone).

Do you pay for any HOA?