Actually, HOA is only $293. Isn’t 70% occupancy too low? If you price it right, and the place is decent, there’s no reason why it shouldn’t by occupied in excess of 80%-85% of the time. What I’m missing here?

An important question is what the demographics are around there. $1000-rent for a 3BD appear reasonable, but are there jobs and incomes to support it?

CA Renter Why would some landlords love a situation with low-income tenants, crime, and high turnover? The only explanation I can think of is that you get a higher rent-to-house-price ratio in bad neighborhoods, but then, it’s also more work to manage and maintain and when prices start picking up in the future, SFRs prices will go up first. Many condos don’t even qualify for FHA-backed loans.