Here we go with the age old problem you have of not reading what was written.
Did you not hear me say, Twice at least, that the unit is already rented, and has been for quite some time?
There is already a property manager in place that the current owner is using, and I would take over that contract and pay them for managing the day to day aspects.
Did I not say that I already thought of and have seen all this stuff you're posting about?
Yes, obviously as the owner I would be responsible for maintenance issues. What would make you think the renter would be paying the extra money for that?
That is such an incredibly weird thing to say, or even think.
I would own the place. Someone else just pays me money to use that space.
That's why when figuring what rent you are going to charge, you take all that into consideration. What the current renter is paying does that.
I am responsible for the mortgage, HOA fees, any additional problems that come up, etc. etc. You think I, or anyone else, does not realize that?
As I already stated in my first post, the side money I make from gigs, which is beside what is brought in as household income, is sufficient to cover my mortgage and HOA fees, including property taxes, mortgage interest, home owner insurance and everything else. Even if there was no one renting the unit.
Even if I didn't have these side jobs, I could make it work.
With a renter in place, and all the deductions I can take (the above, plus depreciation of the cost of the living space over 27.5 years), I will realize a tidy profit over a year. Which more than likely will just accumulate for future use when I buy a nicer place than this investment property for myself after my current house sells in years to come, for furniture, painting to my taste, etc etc. I'd then still keep the investment property for some rental income.
Punkey, give it a rest.
My initial invitation was for input of which was the better property to choose.
Posters opinions went with my gut, and that's the place I've made an offer on.
Just waiting to hear if it's accepted, or if they are countering.
I offered a little below list price. If they counter with the actual list price, I'm fine with that.
Honestly wasn't looking for a lesson in all the things that could go wrong. I could get hit by a meteor in the next few seconds, but I'm not worried about it.
If/when I live in this place for the time it would take my current home to sell, and looking for another one, I would be of absolutly no interest to the HOA.
I come in, park my car in my designated spot, go in the unit and lock the door, watch some Netflix and go to bed.
I doubt any of that will arouse their ire.