The realtor said there would be an appraisal & they would likely ask for as is value, but she said she'd put me in a file and email me as soon as she gets the go ahead and we'd negotiate from there.

So its just not worth it..Of course like much of the wholesaling that goes on Nationwide what one state says is OK the other says is not and those that learn the general methods taught by Gurus or here on BP may or may not care about the laws as they read it here or from a Guru and just plunge ahead...

The house was tied up in BK for years but the HOA finally got the go ahead and put through the FC.  

If the price you pay for the HOA's equity plus the existing secured debts is attractive, go ahead and buy, but don't think for one minute that you're going to pull a fast one over the lender.Oh, and be careful about equity skimming jaws should the existing loan be Federally insured.

I wouldn't worry about how much every single widget should cost ahead of time.

No, I haven't been thrown into the REI world yet and don't know the realities of it all, but one thing I can surely say is that nobody gets ahead without helping others first!

If you think you have the gift, stomach and the parks ok, counter to the advice here I suggest you go ahead with your venture.  

You can't do what everyone else does and expect to get ahead.

Just a heads up as this extra 5% down payment was not a very fun surprise.

You can't buy it without money so having that arranged ahead of time will place you in a better and stronger negotiating position.