This opportunity strikes me as a bit more hands off due to existing long-term tenant and a neighboring bank that appears to control the property, but it has a potential downside.I am very interested in your opinion on this unique situation.

It doesn't necessarily strike down all HOA rules, but a good precedent to stand on. 

I'm working with a mortgage broker that I very much like working with, but these terms strike me mediocre at best. 

Know the market, focus and be ready to strike. 

That is one reason we don't us LLC to hold multiple properties--one strike against the LLC and they ALL can be 'out'.

They had a massive fire from a lighting strike that burned thousands of acres.

I certainly agree that sellers and buyers are far off on their strike prices and it will take some time for that to work its self out.

I assume if lightning strikes the day after I take over the property, the only person that will receive the claim proceeds will be the lienholder and then I'm left with a hole in my pocket.

This is something that I had looked into before the meeting, and was ready to strike if need be.

Striking that balance between strategic and action-oriented behavior is a challenge.To the more strategic end, are there any comprehensive checklists for getting a complete REI operation rolling, particularly using the BRRRR strategy?