Self managed HOAs are usually undercapitalized so you want to take a thorough review of the condition of the community to make sure there isn’t deferred maintenance because you might get hit with a special assessment if the board isn’t setting aside cash for those capital improvements.At face value, taking into consideration my typical financial objectives, I wouldn’t do this deal unless it was a much lower price.

The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.

You are missing my point on taxes.Scenario 1:  Your partner buys the house at the same time you put your cash in.  

I did my research and requote what would benefit both me and the investor, below is the Finalized CORRECT format of the proposal:Listed price on the property: 459,900MAXIMUM amout of money down on the property: $380,000Method of Payment: CASH OFFER from Investor.

If you don't have the extra cash, can you get creative with a private lender or partner stacked on bank debt? 

Unless you paid cash?

It's an amazing market to be in because you can still find the 1% rule and positive cash flow while getting amazing appreciation potential.

Cash offers would net you less.  

They had exhibited the desire to pay down debt and had cashed out the parks before us that had agreed to owner finance.

Even though there is low inventory, interest rates are high, and many properties don't cash flow, look harder there are always deals, you just need to find/make them.