They normally require 20% down Payment.

Is this a normal amount below asking for a duplex in this area or can you get a larger discount?

If you have no recourse, it would be better to sell than to let this HOA interfere with your business forever.These growing HOA abuses are an illustration of how little help normal people get from state and local governments.

I would assume supply/demand would keep prices normal and killer deals scarce.

So maybe there is no 'bad' direction for you to go but I would encourage you to keep working especially if you like your normal job.  

Normal business expenses get deducted from your taxable income which lowers your tax liability because you incurred that expense for your business.

That is a normal business rule of thumb - namely the 50% rule.

Not looking for pie in the sky just what appears to be a twist on the FSBO under contrac and sold to a retail buyer at higher price than contract. 

What I mean is that it is normal for a LOC to change to a regular loan in 10 years.  

Hi @Varinder Kumar,Take whatever you are preapproved for using normal FHA, reduce that preapproved value by about 40%, tie it up in contract with a 60 day close for a purchase price at or below that reduced amount, and then go learn the nuances of 203k and decide if you want to do it or not during your inspection contingency period.