Any advice on these?

They seem like a safe investment since the association fees cover a lot of the mainteance. That can be negated by lower property management costs since they don't have to do the trimming exc.

Other than that I would like to hear others opinions. I'm actually looking at a certain lot with a few REOs available near the UTC area. Cost 100k and rents are $1000 a month. I'm a cash buyer so It looks like an easy $500 a month cashflow. Give me your opinions.

http://www.escapesomewhere.com/realestate_searchthemls.html

If the math problem works then BUY, BUY, BUY.

What is the formula then?

I redid the math using a real estate evaluator and come out to 1-5% ROI.

Here are the numbers.

327 HOA
240 Taxes
10% less rents
80 Insurance

$1000 income and ~800 out.

Any thoughts? EDIT: I just found out the link provided doesn't take you directly to the condo.