People are always surprised by hope cheap things are so they usually shoot for nicer properties when they move here. 

@Corey Conklin  You would be surprised by how few understand how to operate their day to day business appropriately with insurance, contract management etc.

All the benefits you have obtained through depreciation must be recaptured leaving you with a surprisingly large tax bill.

So I'm under renovations for my first property and I used a conventional purchase and renovation loan, not knowing how tedious the draw process would be for me and my GC, but saw it as the most convenient way to fund the renovations.Doing our best to communicate with each other to ensure a smooth draw (fill out work completed form, get inspector out, review from both HUD Consultant and lender, send for signatures, 3-5 days of processing).

The loss of a lifetime annuity is a truly amazing incentive you’ll be surprised.  

There should not be any surprises in an Appraisal.

Newer communities may be adding them once they're built out and sold, but none of these should be a surprise to anyone purchasing units within an HOA community. 

Personally, I’d never consider that option for multiple reasons: 1) you cannot properly dispose of your own property as you can’t rent it by yourself, 2) the price is inflated as they make you pay for the convenience, 3) the performance of your unit is completely dependent on the performance of the building as a whole and the performance of the management, 4) property management is extremely expensive and they’re going to be the ones making most of the money while you take all the risks and 5) you cannot get rid of the property managers if they don’t perform.

Without good market research you'll over pay, buy a costly rehab surprise, or struggle with PM. 

So, yeah, government bureaucracy at its finest.If you add another box and keep sending mail to the that box you will be surprised to see that mail is delivered by your carrier.