That amount can't be less than the monthly housing payment (principal, interest, taxes, insurance, mortgage insurance, and HOA fees, if any).

His cashflow has been $75-100/ month.Breakdown of payments: About $370 (loan 1)+ about $250 (loan 2)+ $188 HOA= $808/ month.

Hi,I live in Dallas TX and recently I ended up having damages to my home caused by negligence of the HOA.

Don't forget mortgage, taxes, insurance, property management, HOA fees, maintenance costs, leasing fees (probably some I'm forgetting).Regardless, the old rule is "You make your money at the buy" which means to buy at a discount.I hope that helps.

I'd be very concerned about not having an HOA in place.  

Check it out and if you need help let me know: https://www.homepath.com/listing/1804-and-1806-e-6...I approx the listing will be at 110k (can't say for sure)2600 sq ft3br/2ba/2 car garage each sideNo HOA$2515 taxes/2015

Ineligible Properties using a non-recourse loanI have found that when using a non-recourse loan for purchasing real estate under an IRA, the few banks that currently make up the non-recourse loan market have the following criteria:Eligible properties with a non-recourse loan-Single Family Residential-Warrantable Condo's (100% complete, 33% or more sold, and HOA turned over by developer)-PUDs/Town homes-Duplexes-4-Plexes-Multifamily (5 or more units)Ineligible properties if using a non-recourse loan-Residential with large acreage-Raw land-Farms-Manufactured or log homes-Non-warrantable condos-Hotels, condo-hotels-Co-ops, Timeshares-Senior or assisted living facilities-Non-franchise restaurants-Entertainment properties-Mini-storageAn alternative to obtaining an non-recourse loan financing to an IRA from a bank is through a private hard-money lender that in which case would would be more lax regarding the above criteria.

So my question is if I bought a house that the HOA had already foreclosed on and they sold it to me on quit claim deed does the previous owner have rights to come and sell this house after they foreclosed on him.

So my question is if I bought a house that theHOA had already foreclosed on and they sold it to me on quit claim deed does the previous owner have rights to come and sell this house after they foreclosed on him. Also ...

You would not subtract any loan payoff nor would you subtract any operating expenses such as prorated rents, HOA fees, etc.