For small- to mid-tier investors, those who have no room for error, it’s much better to always purchase with the rental approach.

I am a rookie in the field of rehab/flipping.

Then they have a claim and its denied because the house was empty.This is your error and you're going to have to eat the loss.  

I spoke to the property management company and luckily it was an accounting error as it was paid by trustee and I won't have to pay.

I'm closing on a duplex for rookie investors now in my home town. $325K, 25% Down, cash flows nicely.

When you sign on with a brokerage there should be an IC ( independent contractor agreement ) that spells out what real estate activity is and is not allowed.While not required in most states brokerages opt to carry E & O insurance ( errors and omissions ).

To properly understand the risk involved, look at the loan-to-value (“LTV”) ratio of the loan - if the loan has a 60% LTV there is a lot more margin for error than an 85% LTV loan.

Found my error...$126,820.00 / 12 months  =  $10,568.33$10,568.33  /  28  =  $880.69I missed a step.  

Besides this I am a true rookie but looking to learn everything I can and make good connections to fill the high hopes and big plans I have for the future.Hope to meet some of you soon when I can find some local meetings going on.

The only reason I would think the HOA would agree to pay it out of HOA funds is if there was some miscommunication or error somewhere along the process or they're just trying to keep the peace.