Simply waiting for things to go bad is a fools course of action.

What is your broker's suggested course of action? 

If that fails there are Quiet Title actions. 

What many of these gurus don't point out is that many of these actions are skirting state laws.

On the podcasts Josh, Brandon and others are always talking about taking action and if it's a good deal the money will follow.

Never ever ever ever again. ever.When they want something from you, they demand immediate action (Ex: Calling at 10pm to tell me my tenants had put a small yard gnome in the flower bed outside their door, demanding its immediate removal.)But when i requested that the dry rotted outer door jambs be replaced (per by-laws stating they are responsible for "from the studs, out") It took nearly 6 months of emails, phone calls, threatening legal action, and finally petitioning to have the president of the HOA removed.

Learn , read, and then take action and pull the trigger. 

The State of Wisconsin is out for blood, over what they consider "a deceptive business model".People already engage in these models in other states should be aware that other A.G.s in other states have been made aware of Wisconsin's actions.

@Jack HensyEducation, drive and action! 

@Rick Harmon thanks for a clear outline of action!