if there are actual lawsuits pending between owners and HOA then you wont be able to get title insurance and you wont be able to sell it for top dollar most likely.selling it though if you can get top dollar is best U get the 250k tax free.. talk to an accountant before you turn it into a rental.. if you cant get title insurance you may have no choice though.. 

So I have a pending contact on a single family in North County here in Saint Louis.

So I have a pending contact on a single family in North County here in Saint Louis.

Your best bet will be to go about it through the pending tax sale angle.

. - "Slip and Fall" case is pending now. 

Yes another thread about a possible pending "market correction"!

(NOTE: The buyer base for this area could be another investor, but more than likely it would be someone looking for a ski/2nd home.)While I can't account for everyone and am currently of the mindset that I will meter all "units" (pending any influential feedback here in the forums), I'm curious if anyone has any thoughts on pro's and con's to metering everything into 4 units or just metering each legal side (into 2 units) and splitting the upper and lower utility payments based on some other criteria (e.g. square footage).

Regarding how I'd acquire this one, I've got a nice cash infusion ($140k after tax)  from a pending sale on a rental and also a partner who is better funded than me. 

Regardless of what you are doing, you need to have a contract with an agreed upon scope of work document (pending on size of project) with every contractor that you work with so that this does not happen in the future.  

Here are a couple rent comps that I see in the areahttps://www.zillow.com/homedetails/1872-Central-Pl...https://www.zillow.com/homes/for_rent/48718371_zpi...https://www.zillow.com/homes/for_rent/2088540393_z...Assuming:$1250  for the 2bd / 1 ba$1400 or the 2 bed / 1.75 ba5 or 7 year ARM  with a 25 year amort (commercial financing)25% down8% management feehttps://www.biggerpockets.com/calculators/shared/3...This is also assuming there are no big upfront fixes.Probably explains why they've been on the market for 97 days with no changes in status (no pending inspection / no pending feasibility) with a price drop added in for good measure.