The properties were absolutely filthy on the inside and the outside had roofs that looked as if they hadn't been replaced in 50 years.

The property needs about 5k in unanticipated repairs based on the inspection, there is a special assesment of $165 that was not disclosed in the contract, the roof on the building needs to be replaced and the association does not currently have the funds to repair it properly hence the special assessment.Long story short I don't want to walk away from this property because these are all issues that can be addressed so I countered with a lower price based on this new information.  

Has anyone recently had a bathtub replaced?  

As of now we have 30 days to replace HOA management.  

Like others said what will you do if you have to replace the roof or make expensive repairs.

The end result is fairly minor and may at worst end up in a lawsuit against the builder to replace the item.

My neighbor had a lawyer sent me a letter to force me to replace a broken fence within 60 days or they will replace it alone, bill me half and if I don't pay go to court.

@Starr Ango don't forget when you buy and hold you need a capital reserve to repair the roof, replace the hot water heater etc as things come up.  

He may want you to replace him as the lender as soon as possible though.

You can certainly sell multiple relinquished properties and acquire one larger replacement property through a 1031 Exchange transaction.