You're probably looking at an HOA foreclosure, with the small judgment.  

No HOA either.The house now is in excellent shape structurally and cosmetically but like I mentioned in a follow up post the home is 22 years old and all major components (roof, hvac etc.) 

Purchase price of 100k (cash)Rental rate of 800-950 (let's use 875 as a mark)$365 out of my pocket every month for HOA Taxes and Insurance and managementThat's $510 worth of cash flow every month.

Here are some stats that I will be sharing with our owner/investors:Average rental rate is $153120 Year trends- 1996 to 2016 Median price is up 3.99% in 20161996 interest rate average was 7.12% and 2016 Average Interest Rate is 3.67%Median price in 1996 was $115,000, median price in 2016 is $207,000Average days on market 1996 is 117 days, and average days on market for 2016 is 82Rents have been rising faster than house pricesMy husband and I pride ourselves on being Real Estate Advisors; finding good rentable neighborhoods, performing due diligence on rent rates, hoa fees, county codes etc...We are also certified property managers thru roofstock.com. these are off market homes that are already occupied, inspected and have financing available in a lot of markets around the USGive me a call when you come to town, would love to have coffee and talk about the market.

Trouble is the HOA sucks.

If you are thinking about renting it out the HOA fees can kill any profit potential.

What makes a HOA good, versus not good or stay away from?

I am one who likes condos as Buy and hold properties but limit it to one unit per community in case there are issues down the road including high special assessments or substantial increases in HOA fees

Plus I pay hoa,sewer and garbage.

I pay $1,700 and the PITI + HOA will be around that same amount so, again,  it wont cashflow (my goal as an investor is to cashflow $200 per door per month and build passive income).