The discount comes from money loosing its buying power.

In general, when you purchase a home in an association you are bound by all of the CC&Rs a.k.a governing documents, which would've included all the rules around rentals.

Lastly a couple months of vacancy to cover if you loose your tenants.

Ya, i understand that commissions come slower and bigger compared to homes, but i was prepared for that wait, because i am currently living all on my passive income of my current rental portfolio as long as i stay within my means and have a few months worth of living expenses saved away for the times i loose a renter and have a vacancy. 

--- Now if you're trying to refinance and take the cash back out sure it would affect that and you would be on 'pause' from being able to do so, but you wouldn't be loosing $ on this investment, you would still be cash flowing and making a profit.

I will happily guide you but if you getting cold feet it's probably good to back out, I consider my self a pretty smart investor, when it comes to buying income property but when it came to buy my personal home I got blinded by other things and forgot that buying a house is a business transaction that you have to enjoy I didn't loose money but I haven't made a ton, like all other investment

Also, since they are much more loosely regulated, it is easier for a real estate developer to commit fraud and not be detected.So it makes sense to me that there are rules in place to prevent "the average Joe", who probably isn't very sophisticated, from being ripped off.

I don't mean to be rude but I don't see what you/your company could do that I couldn't do... unless for some reason I was legally bound to use such a company, which I believe (at least in THIS circumstance) I am not.You may have your opinions, as I have mine, but I am trying to determine whether or not the situation as outlined above is in compliance with Colorado law... again I realize that once I ASK for a test and the test is hot, that everything is THEN regulated by the state.

Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC.

Blown-in has advantages but won't touch noisy pipes or creaky floors or loose siding.