Buying to Rent but confused with HOA/COA
i finished reading the helpful beginners guide here on BP.
And, the users here have been much more helpful than I could imagine.
I Am a serious newb and its good to now know some of the terminology for some of the strategies and niches I've always wanted to do even - before I knew how to properly explain it.
buying a duplex/TRIPLEX is something I can def see myself doing while living in one of the spaces. Even if I just break even or have very little cash flow, as long as it's not a loss it's effective .
If I own the du/triplex do I still have to abide to an HOA ? Is the HOA not a board organized by the owner and a few others to maintain the property?
Or, even if I own the building I will still belong to an HOA somehow?