After repair value (ARV) $ 175,000Offer (70% LTV-Repairs) $ 92,500Repairs $ 30,000All In $ 122,500 Hard Money Loan $ 98,000Down payment (20%) $ 24,500Points (3) $ 2,940Interest (9%) $ 8,820Closing (3%) $ 5,250Realtor Fees (3%) $ 5,250Miscellaneous (inspections, appraisal, surveys) $ 2,000Holding cost (5 months) General Liability Insurance $ 875 Taxes $ 1,100 Water $ 250 Electric $ 500 HOA $ 175Total cost of flip $ 149,660Profit $ 25,340

The situation is :  I am on a process to purchasing a property to live in , It will be FSBO , the house is a single family 3 bed 2 bath 1632sqft In Charlotte NC ( 10 - 15 min from downtown Charlotte driving )  there is no HOA ( it was rented until March 20 this year ) the house is brand new inside she renovated it all in less than 2 years with high quality materials because her daughter was going to live there and now she decided she doesn’t want to live in Charlotte ... the property has exterior damage it needs probably like (10k repairs) before she can listed in the market with an agent.  

My husband and I are closing on a new build townhouse in the next few weeks and within the next few months are hoping to househack it by hosting travel nurses (we have checked our HOA bylaws and there is nothing in the document restricting it).

Condo is in an HOA which manages all external elements so I am responsible for inside of the condo.The rental property is a 2 Bed/1 Bath, that I bought at Market Value: $137k (Cost Basis: $140k) in 2016.

It's been empty since August 18 and I've only three applicants- 1 family who had a python which my HOA/insurance won't allow, 1 couple who backed out and decided to stay up in SF instead of Silicon Valley, and a girl who needs a roommate for the other room (1/2 an application).

We have HOA and we must hire a licenses contractor and pull permits with the city.  

The purchase price is $678,000, with $469 HOA and $70 Maintenance fees roughly.

No issues of any kind other than a few incidental HOA issues (an "I've see you've met Cynthia" thing 😁). 

I would avoid properties with HOA fees because it brings your profits down a lot.

Only catch it a $560 HOA fee.. any feedback?