There are definitely much cheaper properties on the North side so maybe you'll get a bargain if the North side ever becomes fashionable.

I do agree that starting with lower valued properties lowers the barrier to entry and lowers the potential loss amounts in some fashion.

When I took over in January of 2015, there were over $110k in accounts receivable owed to the community by owners who were not paying their maintenance and the board was not following a clear and consistent policy for sending these accounts to an attorney for collections and for those they did send, not proceeding with the lien and foreclosure path in a timely fashion necessary.

The people who post in the, "As a matter of fact" fashion...

We believe seller agent executed in such fashion as stated below because seller wants to sell to backup offer which is higher bid than our agreed upon purchase price in contract.

Aside from predicting the future, how can I change my process so that these letters come in a more timely fashion?

You're late... but you do look fashionable as advertised.

The way this is being reference in this post is not in the correct fashion.  

Betting its good old fashioned foundation damage.You will want to have not only an inspector take a look, but you might see if you can find a foundation company or structural engineer to check things out and get you a quote, because most inspectors will just tell you its a foundation issue and not provide any background on the scope.Foundation issues are common in Texas, every house you will come across will have issues to some extent.

In this scenario -- they will make 52 payments of $250 a year, or a total of $13,000 (one extra rent payment).But, the implication of doing that seems rather unethical to me, unless you are letting them know you up front you are penalizing them for paying rent in that fashion.