The HOA board controls what those fees are and they can eat up any profits if you are not careful.

Yeah, I'd rather not delay closing and just eat the costs.

Combine the fact that you will need to lower your offer (to account for interest eating into your margins) and have a longer closing period with more contingencies (you will likely not win nearly as many bids!)

You can't force her, but the city can force you to mow it.So, your options are to evict her because she is not living up to her lease or see if you really like the section 8 income enough to eat the water bill and the mowing of the yard.Many of the Section 8 landlords I know have a mowing crew that mow all houses and any more include the water bill - and just raise the rent as high as Section 8 will allow.As to the city billing landlords for unpaid water and sewer in KC, they have done it for years.  

. : )There is no having your cake and eating it to in this world.

Something I try to avoid as it can quickly eat up time and money.

The remainder would be your actual positive cash flow except for the fact that you have a huge amount of dead equity.Equity of $243K with a opportunity value of 10% is eating nearly $2100 per month in lost income...... $1140 - Mortgage = positive cash flow.

Eat, sleep, breathe them if you want to make real estate investing your home; you'll find gold in the knowledge they provide.

I've thought about buying some condos myself but I'm concerned that the HOA would eat my cash flow.

Originally posted by Account Closed:@Rich Schmidt Cozy. co might be ok as long it does not charge the tenant to use their service, and if it does the landlord should eat the fee.