As far as HOAs go, a strict HOA is probably a negative for an investment property.

HelloCan an HOA restrict rentals in North TX?

This is the best way to reduce the risk of getting into the STR game, and then having a community/HOA/township change their policy and cut out the potential for STRs. 

You could have a property purchased and renovated by then or even a small condo/townhome to get a head start providing the HOA was reasonable.

HOA is involved and they reply to HOA request of fixing their radiator and reply to HOA email according to hoa, but when I write them to fix the damage of my ceiling they just do not reply to my email or txt or phone call.And this is not first time that’s happening, in past 6 years there was two different damageme caused by them.

@Julie Hill if your unit’s not apart of an HOA, there can be major reward.

I typically prefer to avoid condos since I can’t predict HOAs and you want to be informed on zoning restrictions in the areas. 

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Each lot is .5-.75 acres without HOA restrictions.

But my taxes, CDD, and HOA total are about $6000/year.