What I am finding is that the lots within HOAs sell for double or even triple of lots in regular communities.

For reference I am in Indiana.

>The upside would be passive income in the range of $3500moNormally I do not see people with residential experience refer to it as passive income.  

@Luis Hinestrosa- thanks ....contact your colleagues / friends for lender referals and then contact them with your scenario and questions and then make a decsion ....if a lender knows they have been referred - there is a tendency for them to provide above average  pricing and service 

Market value typically refers to the price a property would likely sell for under current market conditions, while property value can sometimes be an assessed value for tax purposes or an estimate by an online tool.If you're seeing a significant drop in your property's value, I’m guessing you might be using Zillow.

Does it happen regularly and no one catches it, sure.

Scott from Bigger Pockets speaks there regularly. 

This should be outlined on the formal quote, but most will have origination points and an underwriting fee (this is also referred to as processing or service fee too). 9.

My original post referred to a 32% marginal rate.

I don't enjoy nurturing and closing sellers on a regular basis.