Then it could not be close to the trains at all, no power lines, level back yard, certain school district, close to work, low traffic side of the roads, and also private wooded lot in a subdivision with HOA that backs up to the woods and not other houses.

A few days later, I got a notice from HOA that I need to have the wires for the satellite painted to match the exterior color of the house.

And maybe back taxes, water liens, IRS liens, unpermitted work, code violation fees (sometimes $100s a day), HOA fees, city special assessment fees, mechanics liens, etc.Now all of those might not be relevant or even survive foreclosure so forgive me if I'm mistaken.

Tax and HOA liens have created addl opportunities and heck the Aurora/Centennial areas have a ton of cheaper properties.

He over inflated the worth of her house by about $20,000+ needless to say I had to let this pass as it was not a deal anymore.The other was a manufactured home which you could not own the land it sits on, just the home. it was a 55+ home and the HOA did not allow renters...

I purchase condos under $100k with low HOA fees (healthy reserves) and rent out.

Expenses include property tax, insurance, property management and HOA fees (if any).

Condos typically have HOA fees that eat up your cash flow.

Hi,I'm wondering if any of you have had this problem...I am renting out a condo with an HOA.

A rough first pass shows typical HOA fees in the area running roughly the equivalent of 3-4% of purchase price.