Happened again today thanks to some scumbag named Kwame Ganderson who sold some poor guy into a turnkey California house that I sniped for debt owed.

@Max Brown  You may want to give the following podcast a listen (if you haven't already.) https://www.biggerpockets.com/renewsblog/2015/12/17/bp-podcast-153600k-debt-108-single-family-rentals-linda-mckissack/Linda Mckissack is probably the most established investor in Denton, and wrote the book "HOLD." 

My Debt to income ratio is high due to being self employed.  

Because of our current debt/income ratio, and conversing with my lender, getting a loan on this is a stretch for me at the moment.

This is pretty standard with owner-financing.The use of debt-financing will create exposure to UDFI taxation.  

The debt could go back several owners and if there's been a change in management, property managers and/or accounting software, they might be missing it. 

Unless the party who lost the property can prove they paid the HOA and the sales should have been terminated anything short of that is a different subject and the HOA has no need to follow a RE contract.If the bank wanted to do something they could have paid the HOA lien in full added it to their debt and then negotiated further.At least that's how I see it

I would put it to work now while you have it:)    Of course you can always go the other way start paying all your debt down.

Your income determines your max loan (debt service ratio). 

I am looking for someone who can guide me in flipping homes and becoming successful to help me become free of my financial debts.