Hi everyone,I'm currently managing short-term rentals for myself and a family member in Texas.  

You could try the angle that the owner was trying to manage too many units before and now that you've taken over legal responsibility for the worst ones, you will make sure things go smoothly. 

However these are probably not move in ready, so you might have to do renovations and you don't recover that.HOA liens are risky and you likely get wiped out at some point.I'd say mitigate your risk by NOT buying condo foreclosures, but neighborhood HOA foreclosures where the HOA dues are more like 400-$600/year, so maybe you pick these up for $1500 and live in a $300,000-$400,000 house for a year rent free. 

Have the realtors draft an addendum stating that you are going to take deed/title of the property at close of escrow, but that the seller is going to "rent the house back" from you for a month. 

Hey Jesse, OKC broker and property manager here.

Hi! New investor here, looking to purchase our first investment property. Found a unique opportunity that will guaranteed cash flow for the first two years. It’s a market rate 2 bedroom 2.5 bath townhome in a communit...

(You’ll be stuck under market for all time, so maybe different strangers but same story.)3) if you aren’t using a property manager I’d suggest you ask one how much they would charge and what it would cost you before doing anything.

This appreciation was a testament to the thoughtful improvements and strategic management that went into the investment.The Outcome:Today, the property not only stands as a valuable asset but also generates a robust monthly cash flow of $2,500.

I think the best strategy for me and my family would be house hacking.Currently we have a traditional mortgage on our home that we purchased in 2018.

Have you read up on their by-laws to see if you need to use in house management or any other rules?