Better check with the mobile home park management first.Normally HOA/COA liens survive the sale.

What a nightmare these HOAs are.

Also as a general rule taxes are typically 3% with hoa and mud.

I have a few condos (each of which is worth much more than the SFHs combined) which have appreciated at 7% a year over the past 3 years, I saw little to no cashflow from these but expenses were HOA+taxes 100% of the time, never had to lift a finger doing anything.

So many people here shy away from condos because of the potential HOA problems, but it seems single families in vacation areas might have trouble with vandalism or even a broken pipe with no one to see it until a week later-- when 15K of damage has been done.

The HOA says hud owes 16k in back fees, 10k of which is interest on the back dues.....Anyone want to guess whats in my future *groan*.

In NV HOA liens must be paid by the new owner.

Property price 22k condo turn key or very minor repairs.AnalysisLow side of rent 600/moP and I with 4400 down 95/moProperty Management 60/moVacancy 60/moMaintenance reserve 60/moTaxes 30/moHoa 135/mo(Hoa includes water, trash, sewer, insurance, exterior and roof maintenance.)Gross income 600 - expenses (including p/i) 440 = 160 Cash flowAnnual cash flow 1920 / initial investment 4400 = 43.6 Cash on Cash return.Some things I am concerned with is that the expense are above 50% of gross rents. 345/600.

She's willing to deed it away because of liability issues and because of an HOA lien that was recorded recently against her.If I bought a property at trustee's sale subject to a senior lien, it would be the same deal.

I noticed that while everyone was warning you about high taxes and how they eat through you cash-flow no mentioned for you to be equally careful of condos or anything that has a HOA attached to it.HOA fees can kill cash-flow with brutal results.Bottom line... make sure your purchase price will support the cash-flow you need given the high operational costs you are sure to experience.Best of luck!