I kid you not, with the most matter of fact straight face and a raised eyebrow as if to say "well duh" he says, there cleaning up from the goat.... i say "the goat" which is honestly just my mouth moving on auto pilot because my eyes are locked in shock and horror at what I am seeing, they broke me, I am broken. he says "Yeah, the goat, it was a wedding party, we have the goat for the wedding, we killed it, gutted it, now I am cleaning it out". 

Number's look good on the Cashflow statement, where I have raised eyebrows is the ARV side. 

TTax allows multiple returns.I'm headed to the bench now as you've exceeded my risk tolerance and street knowledge since I would rather pull out my eyebrows than co-own real property with a unrelated party without a multi member LLC or a partnership with a CPA and attorney already in tow... 

You could ask a lender if this can be done though being married would of course raise some eyebrows as it's assumed a husband and wife would cohabitate.

It will very likely raise eyebrows in underwriting.

The area has appreciated but not at eyebrow raising levels.

that rents for $700 and is 1,500 miles away (one way) makes me furl my eyebrows and shake my head.

No use the collection company to make all payments have heard something like a 3rd party servicing the debt so not to raise eyebrows but I don't really know what that means.It's common practice for a lot of property owners to use 3rd party collection co to make payments 4.

But based on your reaction I can see where that could raise an eyebrow to someone.

At a minimum, it should start raise eyebrows that there are no set standards of effectiveness...no lessons learned that have been captured...from the thousands of existing HOAs that can be quite powerful in an individual's ability to own and use land.It's more of a curiousity.