Remember, there are a whole lot of people who tried and failed miserably.

Contact his CO if you really want to make his life miserable.

But I am admittedly biased because I had a miserable experience with them a while ago.

I certainly would never use less than 50% expenses for a condo.A bad HOA can make your life miserable.

. :-)Also, it's not just about the money...Personally, my personality suits flips more than wholesales (I don't like marketing, and can farm this part out for retail sales but not on wholesales), so I'd rather do flips even if I made the same amount by wholesaling.Wholesaling is something I could do if I had a partner who could compliment my weaknesses...but barring that, it doesn't matter how much money I could make, I'd be miserable doing it on my own...That said, I think someone who builds a wholesale business in a well-structured and scalable way could do quite well with it...probably just as well as flipping given the same amount of start-up capital...it's just a different set of skills...

It’s a miserable solution for the landlord to have to do this, but it will cost you less in the long run.  

I think it will fail miserably in areas where land values are much higher where buyers expect much higher quality homes.

That is easily 100K+ of work to just go back to a SFR, while the city makes your life miserable.

Either way, the hoa can and will make your life miserable until you cough up those dues they say they are owed.And even if this board approves a reduction, the next board may not.

It was miserable, it was tough, and looking back it was not the best use of my time.At the very least, I would strongly recommend you analyze your deals as if you are hiring contractors to perform the work.