Dominique I would love the contact of levy and see if we can do business together.

@Levi FriedbauerWelcome to the BP family!

Despite the extremely low LTV ratio, multiple bankers I have spoken with, keep telling me that home equity lines of credit can only be levied against a primary residence, and not against an investment property, or portfolio.

Find out if there are any special assessments currently levied, or if they anticipate any soon, whether or not there are any lawsuits within the association and of course whether or not they even allow short term rentals because some don't.

They will file for the garnishment of wages or levy of bank account.

February 20, 2018, 4:04 PM CST Updated on February 20, 2018, 11:01 PM CST British Columbia announces new real estate speculator levy "Vancouver, one of the hottest housing markets in North America, is getting a little tougher for wealthy Chinese buyers."

Since the HOA already foreclosed, their lien no longer exists and the 1st foreclosure action will wipe out anything else besides taxes, IRS, county/city fines or levies, etc. 

While the Springs is proposing an Airbnb ordinance, it is much more favorable to investors.)Enforcement #s from Jan. 1-July 31, 201853 reports completed by Denver's excise and license division, all related to questions of someone's primary residence status47 provided necessary documents to prove primary residency6 cases referred to City Attorney's office112 complaints of non-primary residency70 open STR investigationsNew requirements for new and renewing licensesUnlike before, you now have to prove your primary residence by providing at least two of the following documents: vehicle registration, driver's license, voter registration, tax documents or utility billFuture options the committee is considering** Note: any changes to the ordinance would have to go through the Denver city council process and therefore is months if not a year off.

Keep in mind that property taxes will be about $12,000 a year on a $1.2MM house and the state will hit you with an excise tax of 1.8% or about $22,000 when you sell a $1.2MM house. 

The lease says the tenant is reponsible for paying water (though as you correctly surmise it is a lien against the property levied during summer taxes).