The public adjuster will argue with the insurance adjuster and get you the best payout.

You just need to calculate the return of your investment into the rate vs how long you think you will live in the house and if you can/will do a refinance. 

No experience with non performing notes.My idea is to buy these notes with the primary goal of accessing the property through foreclosure, knowing that there are several other possible outcomes.

Any tips or advice would be greatly appreciated!

But before we go through to put together something more specific on the property so he can see all the numbers.

Although it does reduce the premium slightly for that particular rating factor, it is not optional on the part of the HOA as an intentional cost saving measure.  

Were you bidding on the property knowing that the owners were deceased, or it just happened to work out that way?

Love or hate DR he exposes the reality of being a real estate speculator he was a house flipper who bought foreclosures. 

The loans are fixed rate programs, and the additional renovation financing is included into the one loan.

Thanks for the mention, @Michael Plaks!