The HOA becomes, in practice, the real landlord, while the owner simply carries the financial burden.There is a saying I hear often among Cubans in Miami: "We escaped the tyranny and communism of Castro only to end up under something even worse, the HOA".

The right answer usually depends on portfolio size, time commitment, and how much operational stress you’re willing to carry.

FIXED CARRYING COSTS$3,259Mandatory Cash OutflowMortgage (P&I)$2,324$384k loan @ 6.1% (30-yr fixed).Property Taxes (Net)$345OC Millage (~17.2) minus Homestead Exemption.Homeowners Insurance$290Current market average for pool homes.HOA Dues$300Your specified average.II.

If the losses just carry forward anyway, standard depreciation might be simpler.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

Is so new that the information you gather online goes from worst experience ever to  5K extra profit per month....Luis Maquiera MMPartners

We have a large selection of extra blankets.

It’s also important to have solid landlord insurance and possibly umbrella coverage as extra protection.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

The owner/seller had agreed to sell his house for $110,000 with $10,000 down, carry back the note (he owned the property free and clear) for $100,000 amortized for 15 years at 0 interest!  

You’re deciding whether to carry open-ended financial risk for an organization whose funding you don’t control.Rule of thumb:If the leaseholder can’t commit contractually, you should not be committing emotionally or financially.Many landlords have had good experiences with Catholic Charities.The problems arise specifically during funding transitions, not during normal operations.Get clarity in writing now.