I currently own 6 condos near Miami area, I paid cash for all of them, the cash flow that I am having i think its low, I did a balance on this year, and the overall 6 condos are rented for about 7400 monthly and my net profit its about 40% of that rent (annualized), I think that I can do better due HOA fees mainly.Today I took advantage of the appreciation of 2 of them that raised about 55% (-8% sales fees) in the last 6 years, and I am wanting to purchase a better cashflow properties with that money.I want to get my first single family, because I think that I am not even over 50% rule on rent because HoA fees.

This unit is shared with other units so some of the expenses I've listed include HOA fees.Cost 110KCash (including closing cost) 46KFinanced 70KIncome: 1200Expenses: 400 + 550 note = 950 ( need some reserves built in for maintenance, please advise)Net: 250 (also roughly 250 will be added equity with monthly payment reducing the loan balance)

This unit is shared with other units so some of the expenses I've listed include HOA fees.Cost 110KCash (including closing cost) 46KFinanced 70KIncome: 1200Expenses: 400 + 550 note = 950 ( need some reserves built in for maintenance, please advise)Net: 250 (also roughly 250 will be added equity with monthly payment reducing the loan balance)

Property: 2/2 condo unit, 1150 SQFTLocation: Orlando, FL, 5 minutes from Universal Studios, 15 minutes from Disney WorldEstimated Rent: $1300, monthly profit $761/month (including insurance, HOA, property management fees, taxes, and estimated repairs. 

I'm curious for those that own a short term rental in Myrtle Beach or those that have researched it, is there still cash flow opportunities or have real estate prices and fees (HOAs, licenses, etc.) made it difficult?

HOA fees must be below $500/month and preferably under $400.

I bid HOA lien unknowingly, what the is best suggested path?

I rented it using an agency and their fees combined with the high HOA fees made it a negative cash flow in that setup.

@Eric CanningBackground: My wife and I are Airbnb superhosts with a few properties in the Poconos.We’ve had our share of troubling guests: - People who blast music at 2 AM and wake up the neighbors (our units are in an HOA so security is dispatched immediately)- People who don’t know how to operate a grill and nearly burn down a portion of deck railing- Late checkouts - Bacon grease on the walls, or crayons, or both- Clear evidence of weed and cigarettes being smoked inside the property (we have a strict, no-smoking rule)- Planters thrown from the deck two stories down, and lamps broken (same guest for both) - Holes in walls that obviously look like they came from a boot (drunken)I’m telling you this because we have opted not to review any of these guests negatively; rather, we don’t review them at all.

And HOAs.