Quote from @Luka Milicevic: One of my best friends is a RE attorney that specializes in construction litigation.

People seem to forget that as an owner you ARE the HOA, and I don't think most people realize that a good HO6 policy has coverage against special assessments.I will also chime in that an older well managed building (preferably without elevators) can be a much lower cost risk than many of the larger newer complexes in Denver many of which have had litigation against their builders already, and whose taxes are often double or triple.  

A bit over a year ago I graduated with my 4 year degree in Civil Engineering, and I got a job in Montana where I am doing Structural Engineering primarily for custom luxury homes.

Let me start be looking at what you mean by ‘heading into foreclosure’Foreclosure proceedings begin with the filing of a civil action complaint, the recording of a Lis Pendens in the public records and the issuance of a summons to each defendant in the case, including the homeowner.

I don't think Josh needs to worry about litigation arising from anything others say.Slander is a tough claim to make, there are several tests and points that need to be proven, like damages and I'm not concerned about it with anything I say.

My education and work experience is in construction management and civil engineering, so I have a different perspective in this real estate business.

In my former life I was a Civil and Structural Engineer but my passion for real estate prompted a career move after about 8 years in that industry.   

I paid 500/ month.I have a civil engineering degree and cant figure this out... why is this so hard!?

That is a very simplistic answer but all the above comments about checking with civil engineers, really doing due dilligence on the value of lots currently in the area (and if there is an expected appreciation in the area) etc. 

Nathan, I had an LLC, but not for real estate, bought liability insurance, and the agent had me to also add an endorsement to cover me as an additional insured.I had spoken to attorneys here in NY about this issue, and I was advised by lawyers as well as my insurance agent that litigants normally  sue the LLC as well as the owner by default.