I am impressed by your ability to maintain a reasonable tone throughout this ordeal...I am not sure I would remain so gracious.

You're going to need these.4.

Other than house appreciation which can be around 2%/year - isn;t one should keep looking for better deals with positive cash flow or atleast with less than 500 negative cash flow?

@Jennifer DarbyI’ve got to disagree with everyone although I do love LVT, I’ve got many apartments with a nice multi tone Berber down for well over 15 years And still looks very nice.

It was an 1800sf, 2 bed, 2 bath, in a great location, very close to me, which didn’t seem to need any significant amount of work.

@Christopher MorrisWell, if you are going to match Trump and the wealth, you are going to need a lot more "asset" than a residential property..Basically, you "generate" lots of depreciation and this law allows you to take that depreciation immediately. 

The tone and verbiage of the discussions can VERY easily slip into you acting as the seller's agent representing them in a negotiation.

However, by the tone of all the posts, I can tell that you are definitely leaning toward pulling the trigger.  

Seems reasonable but giving existing tenants so much advance notice of a rent increase can put you at a disadvantage and set a tone for bad feelings. 

Loans are a poor idea for HOA's, as you are just adding the interest onto the cost of replacing elements that were statistically predictable to NEED replacing within a narrow time frame.You can prepare yourself if you keep the unit by ballparking a replacement cost for the major elements that you are concerned about or that are just not included in current reserve plans.