With that, if you are looking to refinance, most banks will do is 75/25 LTV based on an objective appraisal after you've fixed it up (i.e. it's rent ready).  

While you are at it be clear about what your goals and objectives are for doing MF in the first place-and no, I want to quit my day job is not good enough!

I recommend starting off by defining what class of neighborhood fits your investment objectives and comfort level.

What is the objective?

Find out what each person brings and objectively analyze that strength.

That would seem to be the easiest, cheapest fix to this.Or, if the buyer/agent objected to the specific wording in the letter (perhaps because it did not cover the issue sufficiently) ask the HOA to rewrite it.

You might want to come up with a list of objections for yourself that you can practice the answer to.

I love that he emphasizes the importance of staying objective when analyzing properties.

Gotcha, and what is the reason for their objection to subject to? 

I made the offer immediately.)I am in the inspection objection period right now and got the inspection & sewer scope reports back last night.