What about the HOA dues where the HOA hasn't filed the lien yet.

The major pitfalls here are property taxes and HOA's from what I can see.

We had lost a large tree that was right next to these vents to a storm a few months ago (which was not replaced), and I believe the birds relocated from there.I asked the HOA if they would cover the expenses for the removal of the birds, and the covering of the vents, but they said that 'because the birds are inside the home, it is not their responsibility'.

Personally I am not a fan of hoas after dealing with 4 of them.

PITi is @ $1200 per month.The Hoa is $395. it is seriously underwater and in foreclosure for 2 years already.

I have searched the public records asked the HOA dept. and nothing!

We recently did not renew a tenant in a very nice newer (2006) house in an excellent neighborhood in Las Vegas, as she kept leaving the trash can in front of the garage, violating HOA rules, and id not pull a few weeks (the yard is mostly 3" rocks), drawing a fine from the HOA.

I'm not a big fan of condos/townhomes because HOA/condo associations are unpredictable.If you haven't seen this video yet, check it out!

The HOA's seem very high and the outside of the property looks far inferior to the properties around it.

That one bedroom plan sounds interesting but most 1bd I see are in condo communities and have high HOAs. 1bd rent for very cheap and can seldom cash flow if not in Multifamily complex.