You do have every right to pursue a legal claim against the seller's & seller's realtor(s).

Insurance is going to be your main issue, as it is costly and having been on three boards, we were risk averse to changing it or losing it as I recall insurers bringing up details from bbq to pets, etc. and when you have a claim, really it seemed a struggle, and if they can get out of paying they will..even got dropped once...Maybe have the master policy professionally examined to see what is allowed and, worst case, explore if you can get legal help to work out a mechanism to hold the association harmless (be it your own policy, plus umbrella, and maybe indemnify the association for any claim)....some great advice here and some firms may be more willing to write the policy.

Greg, something to keep in mind that I learned from my CPA a couple of years ago (I am retired now, so not an issue these days), but if you make over ($150k I believe), your rental tax deductions cannot be claimed.  

If you have a well-maintained unit in a decent area, your tenants will want to stay, even if the increase is substantial and it is within market rent.BTW, prior to purchasing, ask the owner for copies of the most recent utility bills, tenant estoppel certificates (signed paper from tenant stating financial terms of the lease) and CLUE report ( A report that lists if any insurance claims have been filed against the property in the last 7 years) to ensure property is insurable.

Is it possible to get quit claim deed from house sold at Sheriff Auction and then sell it using a traditional lender without paying off the redemption note first.

Do not settle, finish the case and get a small claims court ruling.

@Renee R.I've mentioned it in a previous posting, and other people claimed to have good success but LVT (Luxury Vinyl Tile) is a pretty awesome product.

If they claim an ARV price that requires x dollars, have them provide a written bid from a known contractor.

Just in case you don't know,  right of redemption means that the owner that was foreclosed on has a certain period of time usually a year to come back and claim the property, which almost never happens but there is a possibility for them to do so.

You claim you don't have time but here you are again making libelous claims against people.