Violators of the ordinance can be assessed a $10,000 fine if they do not comply, but that fine does not help the buyer to cure the violations that were slapped on the property after they buy the house.  

But the accounting concept is that these would fall into the "deminimus" range (noise level) category and be fine. 

@Lynette Gryniak you should be fine with the Bill and receipt. 

Don't care about appreciation, flat market is fine..

As long as you do a contract with serious students and they would be go by the rules of living in the unit, you should be fine.

My wife really wants to trade up which I’m fine with, but I want to do it in a way that makes financial sense.

Any all advice will be greatly appreciated and you don’t have an answer for me, that’s fine, maybe you know where I may get pointed in the right direction.

.- Even buying houses in HOAs can be h***, re lawn mowing, house maint, painting your colors, tenant leaves camper parked in drive getting you HOA fines....In short;  what out for HOAs, avoid is a good business model.  ...

This ultimately led to me offering them the opportunity to break the lease early which is fine with us; the unit needs updating and sooner is better.

Some people want to refinance cash back and have even better cash flow...also fine if you can find those properties.