California outlawed President Trumps health plans.

More often though, people give up and simply move.Throughout the process the borrower can elect to sell the property.

The tenant likely has the right to stay in the property at the rate on the lease until the lease expires, but all rents should now come to you instead of the HOA.More than likely, the HOA lien remains in place and you are now liable for it.The receivership company that the HOA has engaged with (the HOA can't manage the property directly, usually) is likely very expensive, so you'll have to work to get them out of the picture.I'm the president of an HOA that has a unit like what you're describing.  

@Brandon Hall discusses when Flippers should form an LLC and/or elect S-Corp taxation in his podcast. https://www.biggerpockets.com/renewsblog/bp-podcas...It's worth an hour of your time to give that a listen.

In summary, what I'm wanting to know is if the Seller can still elect to go with our offer even if the Buyer shows proof of funds/financing.

Something I forgot to mention is I would look at the remaining 42 credit hours to see if any were electives.

I am thinking to elect federal taxation as a sole proprietor (which is possible as a married couple in California).

I handle several section 8 apartment unit properties so it would be a pretty simple matter to evaluate the rent rate through government support, guaranteed rent definitely helps me sleep at night (provided our president doesn't shut the government down long enough for HUD to delay rent payments).Let me know if you want to seriously run the numbers on this place presuming you have the equity to get financing on this deal (175,000 for 10% down, $87,500 for 5% down, etc).

By laws says there's an election every year but we've never seen an election or had to vote in the 2 years we lived here.

Trump is elected to a 2nd term.