I see many situations where one generation wants to buy out a prior generation or, more typically, siblings.

As our portfolios grow and we gain more properties, wealth and skills, at what point is enough?

But if your goal is to leave your day job soon, multi family will offer more cash flow typically.

We are currently at a low affordability rate, which is typically a leading indicator of slowdown and price trend change.

We typically have a specific criteria of contingencies we are putting into place within the purchase and sales agreement to help protect our investor clients from many of the issues that arise when inherenting tenants.

Some DSCR lender may jump on here and say they do them but I don't like their terms typically.

I am obviously conflicted with the moral side of pursuing legal action here, but understand that people can do untruthful things when it comes to financial gains. 

The struggle comes when you plan to sell, pay close attention to how the bank would treat the loan in the event you would sell.Even though its a bit more work, banks are typically open to these loans as it provides them with additional collateral in the event of default.  

In the meantime I would put the money in a low risk account gaining 4-5% which for $250k would be around $1k/month.

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.