Also, I was surprised that the letters actually work!

We were pleasantly surprised when we visited them after closing.

Assuming the deceased was older you would be surprised what they have signed not knowing or understanding.

The FHA appraisal came in at $250k, which surprised us a bit... but more power to the buyer.

Was I surprised?  

lead: (chuckles w/ surprise at my directness) TOMORROW!

Usually when building capital, it is a combination of steady savings and some other unplanned/unexpected financial windfall that we use for investing rather than a new big screen or whatever the average person does with it.

You'd be surprised how many areas allow for rur dev loans.Also, I believe that some traditional conventional loans allow less than 20% and then require PMI.

I only read the original post, mainly because no one knows your laws or customs.HOAs here usually overstep their authority, folks on the board usually have limited RE or legal experience.IMO, your denying access was overstepping by leaps and bounds, if you don't have the right to place a lien on the rights of ownership I'd bet you sure can't deny all the rights of ownership keeping them out.I'd be surprised if denying others to enter would be acceptable either.Seems if you know the guy is moving out that would be a good thing, he might sell it to someone more responsible.I suppose if your law says pay or go to jail, he'd be going to jail.

Thanks for introducing yourself.Buying rental properties is surprisingly similar to buying your own home, just with different criteria etc.