Or do they get paid for work performed?

The listing agent cannot and will not tell you a price below asking, but he can advise your broker what not to do.I have bought hundreds of properties over the years and never have I paid less than 90% of the asking price.

Do you plan on performing a sub 2?

I am afraid we would need a lot more information in order to advise you.  

I don't advise you ignore the plumbing, but yes I recommend obtaining 3 different bids for that project and see what you can get for it.

Thank you, for the advise and noticing that I'm here.

I am not a lawyer or anything so take little to the advise just things I have taught 

I think it is important to specify which of the two types of notes you are looking for; Non-performing or Performing.  

For entities that exist to preserve the value and lifestyle of a community, HOA's don't seem to give a damn that investors are rescuing an often neglected home with a non-performing account, and turning them into a quality place to live with a HOA fee paying homeowner.Are others around the country seeing these outrageous fees, and is there anything that we can do to combat this?

Thanks again for the advise.