So you’d be ok coming out of pocket another $130k and paying $780k for this property if the builders fail to perform?

If it turns out well a good lender is worth their weight in gold.

Unfortunately very few who seek out these assets take the time to consider their exit and fail to realize they are the most costly assets to exit, let me explain why: Here's how that disposition process to an owner occupant looks: -You will incur turn over expenses associated with vacating the tenant in preparation of the sale -The natural buyer in this price point is the FHA buyer who will normally seek a 5-6% seller assist  -Passing a Section 8 inspection/preparing a home for a low income tenant is very different than the expectations of a home owner,   particularly the FHA buyer who cannot afford to take on any deferred maintenance.

Too big to fail.

When I have asked the management company about the HOA board in the past they always fail to respond.

@Berna Geylani, you have just learned how the government works or rather fails to work well.

I have found lower end W/D more recently have been failing much faster than the higher end names (Samsung, LG, etc). 

I fail to see how that is any different than Bigger Pockets but people talk about it.There is a very large group that charges $20k to join and has a lot of videos and meet ups and is run kind of like an MLM where they give you a "discount" "to the next level" if you convince someone else to join.

It stopped when he lost a couch in transport when his roof rack failed.  

Many buy these over priced homes because they've failed to become homeowners by other means.