I'd only cash out $127k, because I like to see my rentals bringing $100/door/month.How I see your $2100/month in income against the following expenses:Mortgage Rate 5.00% (you'll probably be able to do a bit better than this)Length of Mortgage in years 30Monthly Mortgage payment $681.76 (0% down on 127k loan)Taxes $458.33Sewer and Water $125.00Trash $-Heat/Utilities $-HOA $-Cap Ex and Ops $150.00Insurance $100.00Mgmt Fee $210.00Vacancy $168.00Total Expenses $1,893.10Total Revenue $2,100.00Cashflow/month $206.90 Cash on Cash Return 45.14% (this is inflated because the only thing you're going to put "down" is your refi costs which I estimate about $5500)

But I don't know anything about the way WA bills sewer and water) Trash $- Heat/Utilities $150.00 (the other half of your $~$3300/year utilities bill) HOA $- Cap Ex and Ops $500.00 (combo of your R&R and R&M lines) Insurance $200.00 Mgmt Fee $530.00 Vacancy $424.00 Total Expenses $4,669.96 Total Revenue $5,300.00 Cashflow/month $630.04 Cash on Cash Return 5.38%

Consider with town homes and condos you will most likely be paying HOA fees and that can impact your cash flow.

Taxes each unit are going to be $138x5---$690 annually assuming properties utilities are are tenant paid HOA-$190x5 monthly ---$11,400 annually still not sure what the caps or ops would be this is to get the property in good condition correct?

Looking for help regarding my wife's condo she owned before we were married that has been difficult to keep rented and impossible to make cash flow since it has both an HOA and land lease being formerly on indian land.

I'm hoping this can give me some insight on whether or not this is a feasible option for flips.I've learned from other threads to avoid HOA foreclosures since you would immediately owe the mortgage in full.

What are your expenses actually going to be for the following items: Taxes Sewer and Water Trash Heat/Utilities HOA Cap Ex and Ops Insurance Mgmt Fee - as a % (general consensus here on BP is 10%) Vacancy- as a %. (8% represents 1 vacant month/unit/year)

companies like that are all over laces now these days. we have a few different ones in Nevada, the charge a fee and do the simple leg work, drive bys, send yo trustee list, bid on behalf of you and so on.They have no control over pricing nor really much of inside info what the asset may or may not sale for as they are bidding against others in the sale, they cost $2,000 plus per property if you end up purchasing that property. so if you are looking to buy, consider a tough competition at auction plus their fees and nay other fees such as HOA fees that you may have to pay in Nevada. then consider your rehab cost and selling cost and holding cost, by the time you are out of a deal, your margins are VERY SMALL.

Considering condos and town homes have varying HOA fees does the 50% rule go out window when evaluating these properties as rental prospects?

Title Checks, Federal Tax Liens, HOA Liens, etc.3.