My assessment is that the investors who were texting heavily switched to cold calling after October 2023, so now it's oversaturated. 

By interviewing in person you are showing you not only care but have the ability to come on site at any time and assess quality.Best of luck!

Self managed HOAs are usually undercapitalized so you want to take a thorough review of the condition of the community to make sure there isn’t deferred maintenance because you might get hit with a special assessment if the board isn’t setting aside cash for those capital improvements.At face value, taking into consideration my typical financial objectives, I wouldn’t do this deal unless it was a much lower price.

@Shawn Ackerman would you be generous to share your process of assessing deals?

Although they are two different types of investments we consider both from a risk assessment.  

Now if it was me, I would have gone over myself to initially survey the problem and at the least meet the plumber over there to assess the damage.  

Quote from @Ben Fernandez: Make the offer that suits your assessments.

Many months of costly vacancy, local market rent & resale deteriation, special assessments, property taxes and maintanance fees suggest a quick sale would have been the wise thing to do 2 years ago.

My plumbers insight: "It sounds fishy to me to be honest He should call the city and have them assess the city tap.

In my area, they charge transfer tax on the assessed value rather than the LOW sale price.