My concern is the HOA and state of the building. 

You have certain complexes where the HOA fee's monthly are 2k, 2500, some 1500.

If you purchase a property, many of the costs on the closing statement are added to your basis.There may be some items that are eligible for an immediate write off such as pro-rated taxes, interest, insurance and hoa dues.

The benefit of the outskirts of town: easier to find new place to build, land is cheaper, still in the path of gentrification and appreciation due to proximity to SLC market, no HOA to deal with, much less permitting and red tape, and these lead to new builds, which has the benefits of maximizing costseg and minimizing maintenance and repairs because the build is brand new.Happy to discuss by videoconference if you want, and I can pay you for your time. 

Hi, I’m trying to get into str, I have a place with an hoa.

Angela,Condos can get really tricky, not just in SD, but anything that adds an HOA can really cut into the cash flow. 

-HOAs cannot regulate property use in any way. 

I live and invest in Idaho and there are a couple laws on the books that make it landlord friendly and keep me investing here;-HOAs may not regulate property use anywhere in the state.

I have a fee simple townhouse (with defined property boundary of my unit), it shares walls on both sides and has a HOA.

about the parcel and any errors etc ( I take it’s a standalone home not in a subdivision or an HOA).