That is because commercial leases are typically negotiated for much longer terms, often with renewal options. 

In this way, they can then rent out the property to satisfy what is owed to them, fix it, sell it or essentially do whatever they like with it.Bear in mind that in this situation, the seller has probably jerked the HOA around sufficiently to the point where they are no longer willing to play ball, negotiate or otherwise help you or the seller out. 

I will sometimes set my hand next to the damage to show size.On a typical 3bed/2bath/2car home I will take around 200 pictures, depending on condition.

You'll still be paying rent to someone else, but you can negotiate rent credits, and it's essentially your own home.

Before tax reform, you could deduct interest on HELCO loan no matter how you used the fund. ( for eg you could use that money for rental or personal expenses )For example, interest on a home equity loan used to build an addition to an existing home is typically deductible, while interest on the same loan used to pay personal living expenses—such as credit card debts—is not.Using the loan for a Rental activity does not qualify for interest deduction in your Schedule A as an itemized deduction.  

Educating yourself is the first essential tool. 

My partners and I are looking to expand into this market of flipping and I would like to know what types of construction/general maitnance issues are typical for this location? 

It’s typically pretty difficult to “drive for dollars” in OC.

Typically the standard realtor contracs are written to reflect local customs and laws

We typically work at the same time.