HOA restrictions uncovered after offer)I found 2-5 at the link below...http://www.proapod.com/Articles/subject-to-clauses...

Over the past 15 years as a private investor/owner/property manager, I have successfully invested over 1 million dollars of my own money into multifamily assets.Along the way, I developed 1 simple rule:“Don’t try to save a dime today that will cost a dollar tomorrow.”I use that discipline to uncover and create high value investment opportunities for investors in markets that are currently underserved in SW Florida.Licensed Florida RealtorCertified Florida Residential ManagerLicensed Property Maintenance ContractorCurrent Affiliations: Cape Coral Association of RealtorsNational Association of RealtorsNational Apartment Association

We made our highest and best, Hopefully other bidders did their research regarding the property because there was something we uncovered.

For your first flip, look more for cosmetic flaws, like ugly flooring, outdated kitchens and bathrooms.

I looked at the Spring, TX area last year & made an offer but wound up not closing due to issues uncovered during the inspection. 

If he doesn't bite one of two things is the case, either he is just stubborn and will not buy anything not in his very narrow mindset so there is no point unless it is one of those types of deals or, and I mean this with all due respect, your investment case had some flaws in it. 

I have uncovered an interesting source for these deals in a company called MARSHALL REDDICK REAL ESTATE in Newport Beach.  

Try and uncover the real objection.

Parking Information# of Parking Spaces (Total): 8.00# of Parking Spaces (Covered): 4 # of Parking Spaces (Uncovered): 4Additional Parking, Paved Parking, Carport School InformationElementary School District: 004 - Mesa Unified DistrictHigh School District: 004 - Mesa Unified District Utility InformationAPS ElectricNo Gas City Water FranchiseSewer (Public) Financial InformationAnnual Electric Expense: $79.24Annual Maintenance Expense: $2,097.92 Annual Management Expense: $1,786.10Annual Trash Expense: $385Annual Water/Sewer Expense: $1,731.01Owner AssociationAnnual Owner Association Fee: $3,600Gross Annual Scheduled Income: $250,000Adjusted Gross Income: $245,000Vacancy Allowance: 0.02Total Month Rental Income: $2,040Net Operating Income: $13,279.27Cap Rate: 7.18Equity: $185,000Existing 1st Loan: ConventionalExisting 1st Loan Type: FixedExisting 1st Loan Type: Non AssumableExisting 2nd Loan: Other (See Remarks)Existing 3rd Loan: Other (See Remarks)New Financing: Conventional, FHATaxes: $1,147Tax Year: 2014

Actually, you are at the right place (Bigger Pockets) to uncover the truths to all the late night secrets.