If you do it on a HUD home or other government owned property it is a felony.

See http://www.consumerfinance.gov/regulations/ability-to-repay-and-qualified-mortgage-standards-under-the-truth-in-lending-act-regulation-z/ Even if you are just renting with a pure option, send them to the RMLO for a written opinion.

And contractors think their government agencies are hard to work with. ????

Looks like you are fully amortizing the note, if so you'll have fewer issues.Not enough information to properly advise you on the financing.Read up on seller financing here and then post your transaction.You can often write up your sale contract with seller financing, amount financed, interest and loan term and settlement agent might do the note and deed of trust if they know the deal is exempt from new regulations, however they may not be doing that anymore, depends on the closing company.Next see a mortgage broker for assistance, but an attorney might be cheaper.Saying you don't have money for an attorney is almost like saying I cab afford to lose my house from doing it myself. :)

That is why it is so important to read the Governing Documents as they will state when it is your responsibility and when it is the HOA's responsibility.Generally speaking, if the HOA hired the vendor to work on HOA components (not owner components), then yes, any damage should be covered by the HOA.

You can easily get stuck with a property that is no longer grandfathered from current zoning regulations if it has lost it's continuous use status(sat vacant for an extended period of time).

It is very important that you review the governing documents to determine the following:Who is responsible for the Sky Lights?

Much of it is universally applicable, but some of it is very U.S.A. specific - areas such as finance, regulation, and taxation are differ in Canada (and again dans la belle province).

The properties are fully tenanted with a mixture of private and government subsidizedtenants.?

I just looked it up for you HEREHere is your states guidance on the process and the laws that govern it for all the counties UTAH Publication on EqualizationI am not familiar with the podcast.