The HOA had tried unsuccessfully to get insurance to pay for repairs, but insurance has denied the claim.So my question is whether or not this is something that should have been disclosed legally, or whether it is simply a case of "buyer beware" and now it's my problem to deal with $$$$$$$$$$.Anyone have insight? 

I am also willing to be actively involved at first but the ultimate plan would be to have a good chuck of it be hands off and be active in deals I enjoy.

. :) home is worth 700k as is: so they offer $700k minus 6% bc there are no realtors involved... or minus $42k and each pays its own fees. 

The mortgagee has no involvement in the property, reports/collects no income nor pays any expenses.

But I wouldn't get involved in it.Good Luck

Anyway got a lawyer involved and the decision was she has to be out by September 30th 2018.. today she calls me up asking for a extension because she cannot find a place.

There is maintenance involved although 95% people do not bother with it.

There are a lot of factors involved in this decision and ultimately you have to decide what is best for you.

Will the Bigger money partner be involved less in the management? 

I’m involved with them and my experience is positive.