I am doing a 24 lot one now and we have been in negotiations with Engineering for 8 months prior to submittal but I know they will hit us with extensive red lines.. its just the nature of the business.

As a real estate rookie, you’re going to have a lot of people appealing to your good nature and looking for second chances.

@KANE WHITESIDEif you decide to use this strategy be sure to have adequate reserves.

I will say that the Texas Real Estate Commission takes violations of this nature very seriously; penalties include fines and possible jail time.  

I think people like closets but if you do not have a bath or at least a toilet on each floor - it means running up/down every time nature calls - for some people this will be a hardship - others a nuisance so I think you do not want to get rid of this.

Wait until you have adequate money saved for a good down payment.  

In this case it seems the board did not plan well major improvement cost and payments or even maintenance and so now they are raising the HOA cost per unit to raise the needed money but how does one prove the factual nature and scheduling of needed repairs, improvements or maintenance issues?

You can get a second FHA loan if:1) you cosigned on a FHA loan for another individual but you now want your own home 2) you were divorced and no longer cohabitat the home with your ex-spouse and now want to buy your own3) larger family size and can literally document a larger household now via mammogram, adoption papers, letter of explanation,etc4) you are relocating to a new area and would like to use the FHA program again and have employer documented relocation papers/job offer to make any of the above work you need adequate time to plan, documentation, and a loan officer who can sell the above to their underwriter.Good Luck!

That's what probate makes possible.All your other points are possible and no different than any other distress sale by a living, natural person.

CapEx is to maintain or restore the original quality and nature of the property.What you are talking about is Capital Improvements - so assuming that your property has no deferred maintenance or life/safety issues, then the best way to determine what improvements to make is to go visit and tour the property that has the highest rent in your market and compare that to your.