New Build houses in San Antonio with HOAs

[Fajer Shamlan]

Hello BP community,

I'm considering San Antonio to buy my SFH investment for long-term or medium-term rental. However, I realized that all newly built houses in San Antonio have HOAs, and I hesitated to buy a home with HOAs due to the restriction and the possibility of the HOA fee increase in the future. Would someone advise on HOAs in San Antonio? I

Would someone who knows the San Antonio market advise B neighborhood names with potential appreciation rental demand? Which zip codes to avoid?

Thanks in advance

[Joseph Cacciapaglia]

HOA's don't cause us many problems for long term rentals, and several of our better rental neighborhoods have HOA's with many neighborhood amenities. Most of our rental portfolio is in HOA's here. My team has had success in many of Lennar's new communities, although some are oversaturated with investors.

However, if you want to do any short term rentals, then I would strongly suggest avoiding them entirely.