Planned communities are fine but watch the HOA and MR fee’s
Even if you buy a foreclosures at a steal deal, sometimes the MR and HOA fee’s can run you $500 to $1000 a month in some tracts, then you add the mortgage, 1% or so tax + any bonds and insurance,
But hey if you got that kind of income and don’t mind the HOA-Nazi’s (or you are a HOA-Nazi)
I am sure those are fine places to live.
Just kidding about the Nazi stuff but make sure you account for the HOA and MR fee’s.
