Since this is an in-house loan the bank would be able to factor in paying off the existing mortgage and, if the numbers work so that mortgage payoff + construction costs + closing costs < 75% appraised value then they'll likely have no issue with the plan and will fund it.That's probably the lowest-fee version of the puzzle, but if that doesn't work (and you are certain about the comps in the area, which a savvy real estate agent should be able to confirm or deny for you, then a HML could be a good second route to pursue.

If not, I'd let the HOA know the owner wants to move back in and that if they prefer the unit to be owner-occupied, they might deny the application? 

Each time I get denied for something new and I've been sending in THE SAME documents.

It goes without saying that your 20s come with lots of new things; new friends, new experiences, new perspectives, and new legal allowances.There’s no denying that having money or not having it comes with a lot of emotion.

If they say no, they made a financial decision and you didn't deny something they wanted.

One, or more than likely both, will be denied.

Not only do they want a deeded easement but also an agreement to maintain a private road, if it were washed out, access can be denied. :)

Keep the entire deposit as a penalty for denying the apt for another family.They should not have paid you unless they were fully satisfied and wanted to move in and you need to explain that to them in writing so there is no misunderstanding.You should consult a real estate attorney if they give you any trouble.

Critics of this argue that you can't predict the future, but there is no denying that people have made a ton of money over the years in CA and similar markets through appreciation (esp post housing crash).Flipping is obviously not about cash flow or anything else, but equity capture at time of purchase.BRRR combines equity capture, cash flow, and possible appreciation, so it has gotten a lot of interest, esp in the BP world.

After he denies it, tell him you may have to file a notice of pending legal action for performance but that he can assume the contract or that you will cancel it for two grand, in hand.I don't work for two weeks and get a signed contract and the walk away!