Have you accounted for Monthly HOA fees?

I will look into that, I know condos can be difficult with all the HOA rules but homes can be pretty expensive.

.$54,900 is exactly the price I paid for my first house.Townhome communities can have HOAs that can be a challenge for investors.

People are saying it affects HOA managers and Realtors that do home improvement work.

After the SFH is purchased, I would either sell the townhouse and pay off the HELOC or rent the townhouse (estimated rent $1600 minus $230 HOA fees).

We plan to sell the condo because we're tired of the neighbors and HOA's, and start flipping houses!

It might have needed $10,000 to $12,000 worth of replacements/repairs, including the minor things, payment of delinquent HOA dues, etc.When the price was dropped to $125,000--again, a fair price for a house in good shape--I thought it was probably too soon to make an offer, thinking that Fannie Mae would probably not take an offer of $12,000 less than that price (and I didn't want to part with the 10% down payment required from cash buyers, if it was likely that I'd have to try to get it back later).

And tell them if they're damaged again they will be replaced again.Does the HOA (man, yet another reason to hate HOAs) require a certain kind of screen material?

Having the HOA foreclose on the unit for non-payment of fees seems reasonable.

Does that account for major event like significant tenant damage, a special assessement by the HOA or a lengthy eviction?