Should I contact the mortgage company and let them know I'll be transferring the property or would that be more like waving a red-flag in the air?  

When you see them attempting to drop it off, run outside with only your underwear on, shooting a shotgun into the air. 

@Mindy JensenYes 10$ does sound cheap but we run an Air BnB out of the guest suite attached to our home..

The HOA doesn't pull money out of thin air.

Account Closed just spoke about that on the podcast which aired a couple of days ago, highly recommended.

jordan, you beat me at my first year.i sold my first only rental a single wide trailer on own land feb 2017 which only paid loan earned $ 7k, profit on depreciating asset, all while living down street in foreclosure i bought earlier, zero down, since it had 2 "homes" on 15 acres  i had it surveyed with new deed and subdivided  the 3 acre back lot camp barns, then went credit union put debt consolidation note on camp since owned outright, no appraisal or inspection needed,  cleared ratios to refinance the bigger nicer one home, used that money cash out to help me buy a 3 unit, financed fix up money, then moved into 3 unit, rented primary home, rented 2 other units, then with 3 rental units income qualified just bought 3 b1 b house to rinse and repeat now in process to refinance my fixed up 3 unit. now i just incorporated after joining bp, thats all in last 15 months. now if i can get enough cash out refi on my 3 unit im praying for good appraisals to buy reo down street to rinse rehab and repeat and im still not sure im doing it right. im still using banks or credit unions. love find investor to simplify process and reduce paperwork.i tried listing my camp on air bnb but no one wants rent off grid river front home. lol.now got hire crew and management. 

The homes for that area are right in line with the normal homes in the Colorado area (still expensive) and then there is Van Aire (http://www.vanaireskyport.org/) which fought to stay open when DIA was built 25 years ago. 

I have an old building no central air but I do provide window AC units, I usually install them for them and take them for the winter time.

I am in the Air Force and I am stationed in Tucson, AZ.

There are other comps that sold for 530k but have an extra bathroom, garage, and central air.