HOA/taxes/insurance are $1000/month.The condo is in foreclosure with Ocwen.

What are the monthly HOA dues?

I assumed 5k in repairs rolled into the loan as well.Mortgage Rate 5.00%Length of Mortgage in years 30Monthly Mortgage payment $60.12 Taxes $76.00 Sewer and Water $- Trash $- Heat/Utilities $- HOA $- Cap Ex and Ops $150.00 Insurance $75.00 Mgmt Fee $62.50 Vacancy $50.00 Total Expenses $473.62 Total Revenue $625.00Cashflow/month $151.38Cash on Cash Return 21.89%

Only way to know for sure is to read the HOA bylaws. 

But you'll money flowing in (or payment at least mitigated) w/ a duplex or 4plex, rather than the monthly drain of payment and HOA w/ a condo, with no one pitching in for your property.

This will give you an idea of the amount your dealing with since the law firm via the HOA board has the authority to remove the lien once balance is satisfied...

Factor in tax, insurance, HOA fees, and a small maintenance budget and our operating expenses come to ~$925/mo.  

State all expenses up front (taxes, insurance estimate, HOA if applicable) and then cover everything else:1. 

- Does anyone own Townhome rentals with low HOAs?

Reinstating the loan, HOA liens, tax liens.