I've heard of this stategy being used and if it's a property you're looking to buy to live in then the comps including recent sales and expired listings should tell you the story. 

I have been running the numbers locally on whats been on the market for sale this year and im just not seeing numbers that make sense.

@Jose Castillo I think negotiating with the seller is an option to offer him a lower amount on the property and then he pays off the HOA as a part of the sales transaction.

They're priced based on comparables.Multi-Family units are designed from the begining, from inception to construction to sales, as a means to generate passive income.

I'm looking for CRE market data, specifically total transactions a year, both sales and leases. 

@Rita Lo I suggest going to a tax and/or foreclosure sale just to watch and observe.

House wasn't part of the better subdivision which we thought would get us good sale price but we had to reduce 10k even to get an offer. 5.

We used the standard form "Addendum for sale of other property by buyer".

One MAJOR advantage to renting the property out for a year is if you decide to sell it after renting it out for a year or longer it's considered an investment property and you can 1031 exchange it into a property of equal or higher value and not have to pay capital gains taxes on the sale of the property. 

I found some properties that said "HUD OWNED - MAKE OFFER," a mobile home "For Sale By Owner,"  empty piece of land between two beautiful houses.