So, depending on the HOA and taxes, I guess you could come out to the same payment but at least walk away with cash in hand.I think the problem is with market value around $60k, that means a with a $50k you have a 80%+ ltv which means you'll have PMI and they may not let you cash out. 

Even with the HOA fees, they cash flow well and are 100% occupied.I was thinking about ways to cut my costs with the HOA fees.

No HOA, no deed restrictions.

Many townhomes have HOA charges. 

One hypothesis is called the null hypothesis, or Ho. A

I am not sure of what exactly the tenants pay but I tried to come up with some rough estimates.Purchase Price: $54,900.00Purchase Closing Costs: $3,500.00Estimated Repair Costs: $5,000.00Total Cost of Project: $63,400.00After Repair Value $55,000.00Down Payment: $10,980.00Loan Amount: $43,920.00Loan Points:Loan Fees: $0.00Amortized Over: 30 yearsLoan Interest Rate: 4.000%Monthly P&I: $209.68Expenses:electricity $0.00 gas $100.00water & sewer $200.00 hoa fees $0.00garbage $100.00Custom expenses $0.00Vacancy $225.00 Maintenance $337.50Cap.

You'll find significant tax benefits and income.Hello Stephanie, I am looking into property management, the problem is the HOA in Henderson doesn't allow for short term rentals (Any lease has to be presented to the HOA and be over 2 months).

Just remember to calculate in closing costs (2k), hard money points and interest (2 points and 10% over 6 months is 11k), holding costs (prop tax, insurance, utils, HOA), and also the refinance lending costs (gonna be around 5k most likely).

They do a limited HOA review and won't lend based a few scenarios (lawsuit etc).

You should check with the HOA and town to see if STR is allowed.For your next property it depends what you may want to do but many options:1.