I know sometimes people abandon those lots due to taxes and sometimes also HOA fees.There was a time that people bought empty lots/land out of speculation, but it eventually becomes more of a burden to keep the empty land.

The HOA fees would be expensed and taken care of that way.  

Here are a few that I use a lot in the buy and hold space.IRR ROI COC CCR ARV PITI HOA ... that's all that came to mind immediately.

I was amazed at how low the HOA fees were.

The first goal I want to achieve is getting my living expenses (Mortgage, HOA, Taxes, Insurance) completely paid for by others.

I've moved in a couple months ago and now the HOA is stating the house is in violation as some of the paint on the front is faded and the grass has to be entirely re-soldered. 

Get into SFH or perhaps some condos with lower dollar HOAs that take care of a lot of the landlording for you.

And remember to look for back taxes, unrecorded hoa debts/code violations.

This is based on data from the National Association of Realtors, but I'd be interested to hear what people thing about this in particular.Seller Concessions Percentage: 2% of the purchase price as Seller Concessions to cover Closing Costs which I already added to the price above.Closing Costs: Seller Concessions we've asked the Seller to pay will cover Closing Costs.Down Payment Percentage: I use three different down payments: 1% for the first purchase as an owner occupant. 5% for subsequent owner occupant purchases. 20% for properties that we buy as investments.Loan Interest Rate: 4.5% for all purchases, owner occupant with PMI and investment.Yearly HOA: $0 per year.HOA Appreciation Rate: 3% per year.Property Insurance Rate: 0.5% of the property value each year.

Hoa fees kill a lot of the deals I find as they are too high.