As a Las Vegas Realtor, I always recommend reading you homeowners association documentation provided to you before you purchase a property.
In Las Vegas, you can cancel your purchase based on your review of the Homeowners documentation, there are date parameters to follow. Many buyers do not read through the documents and find surprises after the close escrow.
One of the first things I look for is the rental restrictions. This is very important if you are buying an investment property and also if you want to know what type of rentals will be in your neighborhood.
Another item to look at is the reserve study, for maintenance ongoing and replacement, and how it is currently funded.
Today, I had a buyer cancel a transaction based on the homeowners association minutes. The association is having a hard time with pest control. They are overrun with Pigeons and other pests.
We discussed this problem and the buyer decided not to go with this property.
OurLas Vegas Maid Services cleans many properties that have pigeon droppings on the balcony, but this complex has gone past just needing a cleaning.
This is one example of a good reason to read those documents….