Many of my friends who had bought there were forced to not move or rent it out even though they did not want to.Fast forward to 2017: The home I originally bought and sold in Chandler is now quoting for about 50% up from my original basis, 10 years later (ie, it went down by about 12-14% and then recovered all the way to +50%).

We know that we can easily and quickly rent the homes out for $600-$700/month, but instead of renting to a tenant, we have an idea that might help out the right person (who does not have start up cash) to get started in real estate investing and I'm looking for advice on whether or not to go forward with it. 

@Carrie AngyalWhen you have an inspection and ask for adjustments, the original deal is null because you no longer have a meeting of the minds.Moving forward means both parties have to agree to continue.

Now that I know this, my strategy moving forward has adjusted drastically.From what I understand this rule is enforced on conventional loans depending on the bank and LTV. 

Looking forward to interacting with experienced people and sharing my knowledge in return.Best to all,John

We are looking forward to growing into experienced investors as we learn more here on Bigger Pockets.

Since 1/3 is being sold off, and the home is becoming a rental the situation is not straight forward.

I'm sure I'll have lots of questions going forward, but for now I'm going to focus on educating myself as much as possible before jumping into any deals.

Thankfully my agent was able to get the resale package from the HOA so we we're able to move forward last week.

I look forward to hearing from you all.