Use this as a bargaining chip to get them to lower price to appraised value..  

I’ve tried chipping or scratching spots just to see if this will actually hold up and it seems like it will.

If not, you'll have your the equity in that HELOC tied up and just treading water or you'll have to be disciplined over time to chip away at it. 

Lowering expenses and increasing efficiency is great, but you need scale to see significant improvements to a bottom line.There is an interesting development occurring with the current chip shortages we have, as well as the price increases in commodities.

Makes sense that they want a safe place to park the money and if they have a million bucks why not buy a blue chip multi as long as they are okay with like 3-5% return on the money.  

Keep in mind that the paint must be professionally primed, prepped, and applied or else the paint would chip and the finishing would look like bad.Here's the outcome:I employ this strategy for multifamily properties as well that have many doors in order to raise rents to achieve market rate rental prices. 

If it was my tree I’d probably chip in a couple hundred if I had to see you every day.

For me, I love Hometown and of course Fixer Upper because who doesn't love Chip and Jo.

@Joe Homs - Thats how anyone sees it by general agreement and thats probably the HOA first response but in this case, firstly I have no idea of this as the base is 100% caulked before I even purchased this, secondly ,if I press the flooring in the bathroom   I see water just pops up ,or  the hardwood flooring in the living room feels like a bit wet underneath, it could have spread to other apartments flooring as well and it could impact the whole building (you won't know until someone opens the flooring) ,want to brainstorm on how to convince HOA to chip in?

If you have chipped paint in or around the unit, you can paint over it or strip and redo it.