Has anyone had an experience with a rental with an HOA in financial trouble?

But the going price for a SFH in this neighborhood is around $600k.Since this is a trustee sale I will have to go to courthouse with cashiers check.I asked my realtor to do a title search and it came out clean with no second mortgage,no lis pendens,no tax liens,no hoa liens.The loan holder is Bank of America.The realtor said that its illegal for the bank to ask for more that what is owed and any bid higher than 367k would go to seller.My question is, 1) is this worth pursuing ?

This is HOA - The $246/month HOA is 19% of your revenue.Looks like you're in NJ, so you will need a PM (property manager).

Is there a problem with the current HOA management?

The condo is in mint condition, in a nice association, and in the neighborhood of Coral Springs, which based on reading City-data and NeighborhoodScout and visiting - is a very nice place with quickly rising prices.The numbers are as following: Purchase price: $131,500 4 units available out of 222 units x 70% investor rentals Lowest comparable rent is $1350 on a less perfect unitIf I assume $1325 monthly rent x 8% vacancy Monthly expenses are: $246 HOA, $66 Property Tax, $50 insurance, $20 for other (LLC registration etc)I get to a cap rate of about 5.5%.

My HOA can fine me, but they can't have a warrant issued or have me thrown in jail no matter what I do.

Check your HOA documents.

The HOA is currently finishing those lots.

We've been a residential neighborhood for 20 years, under the governance of a HOA.

I purchased an HOA lien on a property where the buyer had paid cash for it.