This also means your CF should increase twice.Joe - you're ignoring/mixing up the idea of "Enterprise Value" and "Equity Value", or in RE terms I guess "Property Value" and "Equity Value".

Prove you can run that enterprise, expand it a little bit, then if you're still game try for bigger fish. 

But if force mind to say "ok, let's do this different, let's pretend everything with HOA is 100% correct" and look back trying to find how it all goes together, may learn some new perspectives in it all that can aid going forward.From what shared thus far, i have a feeling that things got adversarial early, and that entrenchment made any positive resolutions very hard.

But reparations is a debt that is owed, diversity and inclusion is a band-aid over a wound to make people feel better about the horrible truths. 

(o) "Prevailing party" has the same meaning as such term has in section 722 of the Revised Statutes of the United States (42 U.S.C. 1988).[42 U.S.C. 3602 note] Neither the term "individual with handicaps" nor the term "handicap" shall apply to an individual solely because that individual is a transvestite.Sec. 803. [42 U.S.C. 3603] Effective dates of certain prohibitions(a) Subject to the provisions of subsection (b) of this section and section 807 of this title, the prohibitions against discrimination in the sale or rental of housing set forth in section 804 of this title shall apply:(1) Upon enactment of this subchapter, to--(A) dwellings owned or operated by the Federal Government;(B) dwellings provided in whole or in part with the aid of loans, advances, grants, or contributions made by the Federal Government, under agreements entered into after November 20, 1962, unless payment due thereon has been made in full prior to April 11, 1968;(C) dwellings provided in whole or in part by loans insured, guaranteed, or otherwise secured by the credit of the Federal Government, under agreements entered into after November 20, 1962, unless payment thereon has been made in full prior to April 11, 1968: Provided, That nothing contained in subparagraphs (B) and (C) of this subsection shall be applicable to dwellings solely by virtue of the fact that they are subject to mortgages held by an FDIC or FSLIC institution; and(D) dwellings provided by the development or the redevelopment of real property purchased, rented, or otherwise obtained from a State or local public agency receiving Federal financial assistance for slum clearance or urban renewal with respect to such real property under loan or grant contracts entered into after November 20, 1962.(2) After December 31, 1968, to all dwellings covered by paragraph (1) and to all other dwellings except as exempted by subsection (b) of this section.

I have the passion and ability to use this skill set to aid in a potential deal ie; value add/rehab.

But dont buy the kool aid pitched here about how easy it is  to buy some houses and never work again.

Look at the facts:- People have not had housing expenses for a year- Even those out of work had considerable government aid during that time- Employers are begging people to come back to work at higher wages today- Those who need to resume payments don't need to repay the unpaid money until they sell- Some people can get their debt paid and others can get their payment reduced by 25%- Loan terms can be extended to 40 years to reduce payments- Over a hundred billion is being passed out to pay landlords who were shorted rent- In most cases the house is worth far more than before the pandemic, so you have an asset worth more moneyI just don't see how this ends badly in the short term.

Their motivations are honorable, but their lack of understanding of business, free enterprise, and finance leads to horrendous decision making.  

The govt is not obligated to pay the bond but the private enterprise is and in any default the govt can seize the security.