The issue is owner to tenant ratio is below 50% per HOA.

Monthly Income (rent): $1,100Monthly expenses (including taxes, insurance, HOA, P&I): $810.15Positive Cash Flow: $289.85Monthly Private Money Lender expense: $148 Net Monthly Cash Flow: $141.85 (to go towards next unit)Key words: rhode island, providence, savings, down payment, private money

The HOA covers homeowners insurance but my finance company is requiring an additional HO-6 (from wall in) policy.  

The mortgage company can't come after her for money but if the grass grows too high the city will fine the homeowner, if she had an HOA on the property many states allow the HOA to keep billing her each month for dues after the bankruptcy  until the home is out of her name.  

Or let the hoa management handle everything?

Hi Bp'rs,I have a 3bed 2 bath in teh Cypress Landing Community of Phoenix that the HOA is requiring an exterior repaint before mid-January–then they start citing.Can anyone recommend solid and reasonably priced painting contractor/company in the area they can recommend?

Are manufacted/mobile home parks subject to special assessments like condo HOAs?

Are manufacted/mobile home parks subject to special assessments like condo HOAs?

I'm thinking in getting contractors come and evaluate during the inspection period with the thought it I could potentially find a great contractor to work with if tenants have problem...At the same time, while searching for potential investment, I came across a 2 bed-room condo in Capitol Hill with low HOA, It raised an idea in me that this condo could brought me great CF with short-term rental (airbnb).

The payment is $2500/month (w/pmi +HOA).