Sure, many may try to hold margins but very rapidly competion will drive them straight down.

I still have get enough money together to close.And the owner is selling everything so overall he probably will discount it more if someone buys everything.

My realtor who is also the selling agent, said she tried getting info form the lawyers and the Hoa. but no one is giving her a straight answer.

Hi BP, I've been trying to research a straight answer on this but can't seem to find a direct one.

From there is pretty straight forward.

If it's beyond normal, do I just charge what it costs to fix it or do I have to discount the cost for "normal wear and tear"?

If you sign a new lease with a one-year extension by (TEN DAYS) this amount will be discounted to $1,400.

I'd hire in house management and give a discounted unit. 28 units is too small for anyone to look at it, let alone an hoa company. they typically want at least 4 staff on site. 

we build ground up and don't collateralize anything. we build at a discount in Columbus Ohio and we build cheaper than every builder I've seen in our market and because of that we make each person self fund a retainer account. we don't extend any credit to anyone. opposite of what you are saying. builders that bring value call the shots. 

If i purchase this HOA/COA lien i am wondering what are my options when it comes to the mortgage. i know there are 4 options for sure1) Notify the lender of the situation and payoff the mortgage2) Don't do anything, rent it out and let it get foreclosed on3) Flip the property quickly as possible before it gets foreclosed on (the mortgage will get paid off)4) Sell the property as is at a slight discount to recent comps (the mortgage will get paid off)This is the one I'm not so sure about5) Notify the lender of the situation and let me continue making the payments on the mortgage for a long term rental playmy question is, is #5 doable?