Dear tdsilk;A Homeowner's Association must be formed legally prior to charges being assessed to Owners of the properties.

Most of them let you attend the first one at no charge, then charge you for future meetings, which are usually monthly.

FHA also limits some fees that lenders charge--for example, the loan origination charge.

I put the fee for this on the HUD1, so there is no charge to the end buyer.The problem is that it is more efficient, and gets better discounts from the lender if the cash funds are paid first, then sold to the end buyer.

Investment_Loan, for those few banks who still do cash recapture loans on non-principal residences (i.e. investment properties) they will likely require you to hold title for 6-12 months and definitely charge a higher interest rate on the loan than normal residential mortgage rates.

(kidding)If you're not willing to charge market rents for your property it can only mean that you don't believe in the value of what you've got to offer.

Charge $25 or $35 and have a nice lunch on the difference!

It can be due to some unexpected expense, some unforeseen health condition that requires spending lots of money or may be simply because planning out the monthly budget ended up costing huge amounts of money.

The only thing I can suggest is to go and have a sit down with a couple of different management companies that specialize in managing vacation rentals and gather some information from them.There are a lot of vacation rentals in my area, but oddly, even though I know a lot of people active in several different areas of real estate, I don't know anyone who has vacation rentals (except for one friend with a B&B, and that's not really the same thing).The only thing I know about vacation rentals is that they are extemely management intensive and the management companies charge a substantial fee.You have turn over every week, and someone has to be there to clean, repair, asses damage, and inventory all the household items.

No wonder we are in a RE meltdown.Too many people are trying(& buying) that have NO money.Bad things happen guys.You need cash to smooth out the unexpected.2.I'm guessing 99% of the people here own NO RE.I have read only a few posters who i'm sure have real world experience3.Too many people jumping into RE blind.4.People who buy books,cd's,dvds & attend seminars are idiots.A few final thoughts...Bad things happen.You WILL buy a property with a HUGE unexpected problem.Plan for it.You will have a renter smear feces on the wall the day before eviction.You are the ENEMY in almost every tenants eyes.