@James Baker I agree with @John Underwood, however I also understand the concern that maybe the previous landlord didn't keep to the standards you want when placing the tenant.

I recently was approached by a company who wants to buyout my rooftop cell tower lease. After getting approached by 1 company I reached out to a couple others to see what the lease was valued at for other offers. I am...

Doubt you'd have trouble with the appraiser or bank--your main concern, which is already clear from your post, is if/when the municipality uncovers the dark secret hiding in your basement.  

Concerns?

However, now that I see that the HOA is the one with most of the “for sale” lots, I’m concerned that they may be setting the “market value” and propping it up and/or they have too much control on what the market value is since they have such a market share.

I'd be more concerned about the liability aspect than the funding.

Feel free to reach out if you have any questions, thoughts, concerns etc.

I would get it checked out every few years, if you are concerned.

That isn’t a concern.

The 15% DP, would have wiped out my savings, however, I wasn't overly concerned as I do have a decent gig, relatively low expenses, a healthy amount of available credit and expected cash flow from another investment property in which I would start to re-build my savings.