I wonder if there is a legal leg to stand on to force the HOA to proceed.The complex is made up of several different buildings, some with 3/2, some with 2/2 condos, and some with 2/2 townhouse, so the structural damage is unfortunately pertinent to our unit of 8 dwellings (4 front, 4 back).  

I was a Realtor for a short while but needed to get a steady income and health benefits back when my wife and I both started realizing our health issues were very unstable.

If you do a 5% down conventional loan, you will then be able to purchase in several communities.

Not just for my business risk, but also for the safety of my other tenants.The willingness to pay rent upfront is also a huge red flag as several have said, but as I state I would not have ever gotten that far. 

I did have a CPA do my taxes for several years, but it still felt like I was doing all the work myself and submitting it to her. 

You can also find several of the people here willing to look at your numbers for the property. 

@Kushal Chakrabarty  I am an OOS investor too and I was told to check the small local banks around Kansas City, but didn't have any success with the several that I tried. 

@Kevin Wareham  To add to what @Chris Mason said, you could also look into section 179 and bonus depreciation where you depreciate the entire cost of something in one year, instead of spreading it out over several years. 

I do know a good bit about development because my father has done several sub-divisions on his own over his life as well as my professional job as an architect gives me a very unique perspective and knowledge base that most people in REI will never have.

I have spoken to several banks in the local Chicago area about loans for LLCs.