Planning Without Considering Inflation, 2. Not Taking Bad Debt/Unpaid Dues Into Account, 3. Poor Fees Collection Process, 4. Insufficient Funding Of Reserve Fund, 5. Failing to Take Foreclosures Into Account, 6. Not Accounting For Every Single Expense, 7. Forgetting About Insurance, 8. Not Planning for Changing Rates, 9. Forgetting to Factor In Sudden Expenses, 10. Failing to Compare Financial Reports, 11. Not Going for Local Suppliers, 12. Declaring Costs and Expenses Lower Than They Should, and 13. Not Computing the New Homeowner Fees