@Justin Johnson - The property tax credit is given to you because the county or other local government does not accept mid-year property tax payments.  

@Jeff HowardYou should execute an operating agreement to govern your LLC.  

This includes escrow fees, real estate agent/broker commissions on both the buyer side and seller's side, recording fees, title insurance, etc.Capital Gains Taxes: Federal, State, Obama Care taxes, etc. can be up to 40% ish in some cases ... and this is on your depreciated basis.

That is a corporate governance issue.

@Blake King I keep most of my short to medium term savings in a GMNA Bond Fund.This bond fund specializes in government mortgage-backed securities.

@Dustin Willyerd  careful of false sense of security with warrneties from private companies.. its not like the federal govmit... 

Rptr. 2d 336].)119 Civil Code Section 1942.4.120 Civil Code Section 1942.4(a).121 Civil Code Sections 1942.4(a),(c).122 Civil Code Section 1942.4(a).123 Civil Code Section 1942.4(b).124 Government Code Sections 66427.1(a),(b).125 Government Code Sections 66451.3, 65090, 65091.126 Government Code Section 66427.1(c).127 Government Code Section 66427.1.

@Dion DePaoli is right on about most lenders being unwilling to finance the units in your complex until the HOA is approved by these government entities making the mortgages much easier to sell off. 

HI Linsey, If you're going through conventional means then 75% cash out on a non owner occupied/investment property would allow you to get back $ 127,500 of your 170,000 valuation.There are also local banks and credit unions that will most likely entertain 70-80% LTV lines of credit as well, i'd recommend to search locally for these.The national credit unions like navy federal will go to 70% interest only LTV on investment properties.Often times local community banks can offer portfolio lines of credit up to 75-80% LTV as well.

It's a "secret" lien in the sense that the Government doesn't need to take any action to make it valid.