@Chip Stroz  I'll tell my friend.  

These properties include different foreclosures and those that sell below their market value.

The important things to consider about HOA fees is that they usually include some utilities: Water/Sewer, Trash, sometimes shared amenities like gym, clubhouse, pool, and they are saving you the time and headache for property maintenance: lawn care, tree timing, roof, siding, etc.

I just include the utilities in the rent.

I just searched and the cheapest 2bed/1bath I can find in Cedar Rapids is $700 a month without utilities included. 

And thats not including how long it takes.

I even identified a viable property to do this already, but may not have my ducks in line yet to execute with a group.If I can get a fund going, I plan to scale it and do more of these projects since I have the blue print to do this over and over, but just need cash.

We specialize in managing single-family and multi-family homes, with a portfolio that includes properties in the Indianapolis market.

House hacking is financially a no-brainer and no city in the US (including Chicago) has more duplexes than Milwaukee.

.- BTW: the $1300 includes all utilities being paid by the landlord.