Is the whole thing a stupid idea ?

I don't think you have any grounds to back out, because the HOA was mentioned in the escrow papers and you signed them.Ditto, I don't think you have any legal grounds to go after the agent, because the HOA was mentioned in the paperwork, and you signed it.My suggestion is that you take the whole mess to a lawyer and pay him to look over it and tell you exactly where you stand.It's possible that if escrow hasn't closed, you might get your agent to take a small cut in his commission based upon the fact that he mislead you.But the fact remains that you signed the contract.At a minimum, learn a lesson and stop signing papers without reading them.

I'd be looking for the whole truth.

The cheapest fixer you can get right now in the whole city on the MLS is about $60k.

Here's an idea:Start writing down everything you do and experience in your new adventure (all the trials and tribulations and achievements and so forth), as well as how you started, including how you came up with your initial six grand.Then, after you acquire some properties and become financially independent -- WRITE A BOOK.

MikeOH, normally I would absolutely agree with you on this point, however, under the circumstances of being the Proud New Owner, and given that the tenant only actually owes a couple days rent to New Owner, rather than dragging this out through the whole process, I would make a one time offer and cut my losses.

If you can not find a person to buy your property right away either a end buyer or whole sale buyer I do an auction on the property.

I want this whole thing behind us and these people just won't let us!

Do NOT buy Kohler fixtures, but do get decent, brass bodied faucets from a prominent mfg.

It's not a whole lot more than you'd need for a C/O anyway.