Rentals with high HOA

[Shalini S.]

What are you thoughts on buying properties with high HOA and renting them out. Any success stories with good cash flow? I live in SoCal and HOA in some areas is upwards of 500 per month. I want to buy a small multi family and house hack. Not sure if I would have a positive cash flow at all with mortgage

[Kris L.]

@Shalini S.

Also need to be careful because some HOA's have rules on how many houses need to be owner occupied. If they are at or over the limit, you might not even be able to rent to out.