The seller has at least 50 properties and as long as the down payments are strong enough we are working everything off-market through a title company.  

With that said, I wish I had put a little more emphasis on education because I would have made several decisions differently.

I totally agree with what @Nathan G. wrote and will add that if your HOA docs are not clear on the matter and if you don't have strong policies in place then that should be the goal of this existing BOD to fix so that it can't happen again.

This could be a strong motivator for them returning to work of some sort.

The old saying goes, "You are only as strong as your weakest link."

@Lucia Rushton i think Temple has a strong market, but just like any town it has some Good and rough neighborhoods.

I have a strong W2 income but few investments that will benefit our family when retirement happens; let's call that 10-15 years down the road. 

@Caleb BrownHouse hacking is a strong possibility.

It's in negative population growth territory but has so little new supply that it experiences strong rent growth in a lot of markets.

If you delead, and maintain the standard, you will be in the clear.Here's the law (emphasis added by me):460.100: Duty of Owner(s) of Residential Premises (B) Whenever any residential premises containing dangerous levels of lead in paint, plaster or other accessible structural material undergoes a change of ownership and as a result a child younger than six years old will become or will continue to be a resident therein, the new owner shall have 90 days after becoming the owner to obtain a Letter of Full Compliance or a Letter of Interim Control, except that if a child younger than six years old who is lead poisoned resides therein, the owner shall not be eligible for interim control, unless the Director grants a waiver pursuant to 105 CMR 460.100(A)(3).