@Levi Gardner, no worries, we are all students. 

There is excise tax here, so that's 1.7% or so paid to state/local gov't.  

@Levi GardnerLevi,   You don't have to be from San Diego to answer this question.

Don't forget to pay the general excise tax (4.5% of gross rents) every December.  

In addition to the court costs and interest, the lender may have levied additional administrative fees - these should not be very much.The key will be at what value does the house appraise?  

There are many places where you are not permitted to levy such fees.

NON-RECOURSE OBLIGATIONS Note Holder agrees that for payment of this Note it will look solely to the Pledged Collateral or such other collateral, if any, it may now or hereafter be given to secure the payment of this Note, and no other assets of Borrower shall be subject to levy, execution or other enforcement procedure for the satisfaction of the remedies of Note Holder, or for any payment required to be made under this Note.

You still have to collect on them.If they get paid cash for jobs then you will try to spend more money trying to force a garnishment or bank levy that will be in vain.

Ask the Seller if there has been anything levied against him by the HOA.  

They make the call as to charging you with a violation, they have administrative powers to levy fines in hearings, they can also have someone arrested and charged.