I will say that the Texas Real Estate Commission takes violations of this nature very seriously; penalties include fines and possible jail time.  

The property is a cute, historic home that is very outdated and needs some love (The front rocking chair porch is collapsing and the house hasn't been updated in a good 50 years!).

But ... who wants to rock the boat and put a spotlight on themselves?  

In this case it seems the board did not plan well major improvement cost and payments or even maintenance and so now they are raising the HOA cost per unit to raise the needed money but how does one prove the factual nature and scheduling of needed repairs, improvements or maintenance issues?

Chris Rock the comedian said it best:"I used to have horrible cars, because I never had money, so I'd always end up broken down on the highway.

Rock it, Matthew!

BP rocks

That's what probate makes possible.All your other points are possible and no different than any other distress sale by a living, natural person.

CapEx is to maintain or restore the original quality and nature of the property.What you are talking about is Capital Improvements - so assuming that your property has no deferred maintenance or life/safety issues, then the best way to determine what improvements to make is to go visit and tour the property that has the highest rent in your market and compare that to your.

My new house is in Aurora, its in the Saddle Rock Ridge community.