I know another local guy who raised $500K in VC money to open STRs nationwide.

The problem with HOAs is usually they are run by a group of homeowners and they can arbitrarily raise the fee, or charge assessments, both of which you cannot forecast.

Which means I have to raise the rent immediately on my neighbor's during the pandemic (lol).

I would raise your capex and repair budget probably closer to 10% each, the property looks a little older and stuff is bound to come up, especially if you aren't putting in any repairs up front.

I have raised money before, but its always been from investors that I know on an individual project basis. 

Some people want to open the economy open and infect 70% of the population so we can have herd immunity which will result in millions of lives lost.

I have seen a couple more seller finance opportunities from people that have main businesses being impacted by the business shut downs and they need to sell buildings to raise some cash. 

If not, raise rent the maximum allowed by law every single year. 

This is what I see:- Debt Service @6% estimated rate on $311k = $1865- Property tax (based on Zillow’s records and I round up) = $400 per month (PS - If you get spot reassessed by the county based on your purchase price, this amount might raise to $500-600.)- Insurance (again just guessing, get a quote): $150- Management Fee @10% average = $390These are your fixed expenses.

Also, the already high HOA fees just got raised at the last board meeting.