I don't discount his value, but I do think that a plumbing-only inspection is in order next time around.Anything that can be rationalized and the owner knows will/can come back to bite them are great items to support your case.

Unfortunately, sometimes the more you try to rationalize and make sense to the HML regarding how riskless the deal is, the more you either make the deal 'seem' risky or the more they get 'psychologically turned off'.

For example, if you were ok with spending $350 per month for the car and the salesman came back and said “I can get you in the car you want for $377.00 per month out the door chances are you didn’t focus on the price of the car but the $27 bucks per month and rationalized that as two lunches out per month, couple packs of smokes or maybe a round of drinks (depending on where you live) and chances are if you really wanted that car you would pull the trigger and spend the extra $27 per month.

Also, I read in different forums that LOC (specifically HELOC) will take a hit on the credit due to debt to credit ration.

Unique combinations of family, employment, dreams, lifestyle, weather, and matters of the heart—just to name a few—often dictate where you live, and they’re often tied to emotions.But what if you could keep your decision-making in the strictly rational realms?

So before you even start to look know the facts about the association.Look at owner versus renter ration (this will impact financing and marketability). 

Just be ready to defend your rational if needed.The 20k total assessment is a means that your county uses to get good bond rating.  

A lot of people don't react very rationally to issues with their pets. 

The cap rate doesn't usually reflect the rate of attainable yearly price growth in the value of the rental property which often explains why a rational investor may often invest in some lower cap rentals.

I have to really force myself to think rationally and slow myself down at times.