Meeting with a real estate attorney is the right move, as they can confirm whether the HOA’s claim holds any water.

But I think they'd be around $4,800 (conservative estimate).Seller is also claiming there are no common electricity at all- which is hard to believe, considering there's common gas, water and sewer. and most likely a common area electricity.

Southern border of the land is Wilson Creek (a large, well established, full time creek with old growth trees)Approx 1 acre of non-recoverable flood zone along length of creekTwo small ponds on the property, which can be filled in to utilizeSmall neighborhood to East of property line with utilities ready and available for project Currently a couple of older homes and barn structures on property (100% liveable and well maintained)Wilmeth Rd is currently expanding down the block to a 4 lane road which connects to Highway 75 in McKinneyLarge developments are underway within a 1/2 mile to 3 miles out radius<4 miles to Costco, ChickFilA, WholeFoods, Cinemark, major hospitalAT&T Fiber and Atmos Gas at front of propertyA water well can be run, if desired, or tap into the city's water (currently on city water and has large main at front of property)A CE firm has drawn up plans for a small, 12 home, 3/4 acres development.

In the scheme of Multifamily Syndication, $25K for education and mentoring is a drop in the bucket compared to the cost of doing it wrong.My wife and I had 6 SF rentals when we found Lifestyles Unlimited about a decade ago. 

You may keep the original loan so having a conventional loan would allow you to drop PMI in the future. 

There are some great deals up in Pensacola where you still buy a 2/2 on the water with a boat slip. 

When you have a MF property it's a little bit easier to stagger the increases because you most likely don't want to drop occupancy that low, so when you have 1 unit it's just kind of figuring out what's important to you and than just trying it and seeing what happens. 

From, "someone ate my food" to "someone takes long showers and uses up all the hot water" and even arguements over parking spots.Who wants to handle all that extra nonsense for "free"?

This includes incentives for green building practices, renewable energy adoption, and water conservation measures.

You likely can just keep your original loans unless they loan sizes are large and rates drop enough to justify a refi.