Now that you have a lead, find local investors and let them know you have an exclusive off market deal. 

This will likely outline the general responsibilities of the HOA and individual homeowners for upkeep and repairs.Check if there are any specific provisions related to pipes, drainage, or exterior areas.Review any sections related to common areas or shared spaces, as the pipe in question may be considered part of a shared drainage system.Pay attention to any language that discusses "exclusive use" areas, which are areas that only the individual homeowner has access to and responsibility for.Note that the HOA may have a set of rules or bylaws in addition to the CC&Rs that outline specific responsibilities.Keep in mind that the CC&Rs may vary depending on the specific development or community, so be sure to consult the relevant documents for your property.Consider contacting the HOA directly to ask about their interpretation of the CC&Rs and any relevant rules or bylaws.If you're having trouble understanding the legal language in the CC&Rs, consider consulting with an attorney who specializes in HOA law.It may be helpful to review any past communications or interactions you've had with the HOA related to maintenance or repairs, as this may shed light on how they typically handle these types of issues.Finally, if you're interested in learning more about HOAs and the CC&Rs, check out the resources provided by organizations such as the Community Associations Institute (CAI) or the National Homeowners Association (NHA).By following these tips and utilizing these resources, you should be able to determine whether the drain cleanout pipe is your responsibility or that of the HOA, and better understand the general responsibilities outlined in the CC&Rs.

He is based in Fort Wayne In and invests mostly or exclusively in IN.

Yes, that is income but might not be taxable if you meet the requirement of sec 121 cap gain exclusion.  

Whatever broker has the best photographer I call up and give them the exclusive.  

Be ready to show financials so if they spend time educating you on the market they know you have the capability to buy.On the commercial real estate side I have buyers submit a PFS statement and sign an exclusive agreement.

I had minimal depreciation recapture taxes to pay and my capital gains were tax free because of the primary residence capital gains tax exclusion.

@Sam T.There are many. 1) the repairs that would be personal expenses will be deductible ( half of the cost if the repair was a common repair that benefited the entire house) 2) 100% of the repair done to rented portion is deductible3) If you ever sell the house, you still get full 250k-single or 500k- married gain exclusion.

These deductions can help reduce the taxable rental income and increase the overall profitability of the investment.Capital Gains Exclusion: When an investment property is sold, any capital gains are subject to taxation.

It may well be that regardless of how I treat Business Property, overall profit is so high that my Personal Exclusion will cover and realize $250K under 121 regardless.