Or are you saying that the cleaning fees cover all that?

Find out what your HOA covers, it might inlcude garabage and water.

They can not cover the CDO's, much alone the stuff on the Balance sheet.

She then sent me the MLS information with a cover email advising me that because the property had been sitting with no offers the lender has decided to rehab/upgrade the property themselves and will most likely be increasing their price.

Your risk is that you buy in a declining market and the value goes down or you don’t bring in enough rent to cover expenses.

The rental income from last year minus the management fee will more than cover the costs if it remains constant in years to come.

Unless the seller's willing to bring money to the table, the option price would have to be at least enough to pay off the loans and cover closing costs.

I rent a room out at my house to a friend right now, and another friend of mine rents out 3 rooms in his house to random tenants and still lives there with a covered mortgage payment.

Every rehab we do, one of my first jobs before the wife starts painting is to hit all the walls with drywall mud and cover over the scratches and holes.

He said he would then sign a two year lease on the unit to use as the model and cover my mortgage.