I well say if you break down all the bills the HOA is paying, good chance you would personally be paying out a similar fee.As for the actual revenue I would want the address to see the property.

My problem is I'm trying to 2 more properties this year, and pay with cash.

@Katelin UhinckIf the commute is an issue you could buy a property that cashflows to go toward personal expenses and still have the long term benefits of having renters pay off the mortgage.

One thing that we have done is to actually sell a property with a lot of equity and then use the proceeds to pay off the loan on another property.  

Who pays utilities?

If you decide not to utilize a 1031 and pay 30% taxes each time, after 10 transactions you’ll be left with a little bit over $2,000,000.

Many people seem to complicate valuation issues more than needed, a strait forward way of looking at it is simply asking, "Would a buyer pay more for ...?"

I am considering two options for purchasing a A+++ SFR cash, Option 1 to place in a self directed IRA and let the IRA own the property and Option 2 is to buy in cash upfront and pay the taxes owed.I am 62 years old and have another five to seven years prior to retirement and so I am trying to set up my portfolio for income generation by that time.

We don't want to pay rent, and the SFH's are priced so high right now.

You will make a lot more money from holding a property in a B neighborhood than getting an extra $1000 in cash flow per year in a C neighborhood.