I'm not sure if having an HOA Deed is something you can claim tenancy rights to and if not you certainly can not lease or assign a right you do not have which would make the scheme fraud.The ethical issue is not just with a leasee.

Seems like a massive amount of risk inheriting a tenant to try and keep their $500... that $500 will be nothing in the grand scheme of owning a property and I would have gladly given that up (if you even get to keep it in the end) for someone to remove an unwanted tenant.

You can create a scheme to keep liquidity(to get back into REI if you want), but there's a complete peace of mind. 

This is not a get rich quick scheme.

I only ask because something that might sound scary to someone starting out might actually be pretty typical in grand scheme of things. 

Again, as long as you are making some money on the deal, you should be able to pay 12% and a couple of points and still make some money.ps This is not a get rich quick scheme.

I am looking for some books that are more informative, rather than these get rich quick schemes that I'm finding out are 99 percent nonsense anyway.

It is not a get rich quick scheme, because if it was, EVERYONE would be doing it. 

Real estate is not a get rich quick scheme and my advise is patience

BP is a great network for meeting some very colourful people.Regards.