You want to review all the HOA docs to make sure the community is properly managed/ maintained so you don't run into issues like special assessments or Fannie Mae noncompliance. 

Hey James,Builders don’t push HOAs because they’re worried about buyers loving fees—they do it because HOAs protect the long-term value of the whole subdivision, which makes their job selling homes easier.Here’s why:Property values stay consistentHOAs enforce rules about lawn care, paint colors, parking, etc.That means the house someone bought for $450K doesn’t end up next to one with a car on blocks in the yard six months later.Builders can hand off responsibilitiesRoads, stormwater ponds, shared amenities—without an HOA, the city might not maintain them, so the builder would be stuck.HOA takes that off their plate.Financing gets easierLenders often like HOAs because they reduce risks tied to neighborhood upkeep, especially on big new developments.Price opticsDropping the HOA doesn’t feel like a “discount” to most buyers; lowering the sale price does.

I wish for both appreciation and cashflow, as much as I can get :-) Just that I am a beginner on investment properties and don't know how to go about finding properties in other states and maintaining them after that.

The key is to structure your financing so you maintain flexibility while keeping your debt manageable.If you're relocating, start by identifying where you want to live and what your monthly costs could look like there.

Grounds are well maintained.  

But the thing is, you won't maintain success through arbitrage unless you turn the arbitrage into ownership.

Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to,, “Maintain to the Neighborhood”.Why is that important?

It means maintaining your standard of living throughout your lifetime.

Some markets only see strong demand for a fraction of the year, which makes it difficult to maintain a steady income stream.

Was it easy to maintain or replace when needed?