The HOA fee of $350 per month pays for property taxes, hot water, and maintenance of everything outside of the house, some or all of which would be tax deductible to me if I owned the unit.  

What are the HOA (or equivalent) fee's..?

When I moved in the hoa dues were $190 and this year they are $230.

If you had two units, ground floor retail and second/third floor as one residence then you'd need to create two condos with an HOA or equivalent entity that effectively handled common area maintenance. 

Avoiding Condos and HOAs normally works out better but some people get lucky with those. 

Assume I can refinance and get back $112.5K (75% of $150K), my cash out would be around $12K, equity gain would be: $25KMy diploma is this after I deduct all expenses including PM, commission, mortgage, tax, hoa, insurance...I end up with almost nothing ($500 a year is my number).  

This would be PITI of $930.41 + 420.00 (HOA) = $1350.41/moC) Land Trust?

As for the percentage it varies depending on a few factors such as, if a HOA is in place, number of units in a MFH, age and condition of property and quality of tenants can be a factor.

I liked one of the townhouses but they dont have an HOA (it was dissolved a long time ago).

. $750 of that payment goes towards condo HOA dues, property taxes, mortgage interest, & hazard insurance... the rest goes towards principal.The condo would rent for $1,500/month (I've realistically compared it to similar condos).I don't anticipate any major repairs/upgrades anytime soon... the HVAC, appliances, & windows were recently replaced, there's new paint throughout, & refinished hardwood floors.Does it make sense to rent the condo out or sell it?