Im building my cash and at the end of this year im joining the other side "buy and holds"...But thats just my story, all i can say is pick one and run with it, educate yourself on every aspect of it..eat it, sleep it, breath it and put it into action.

It seems to me that in an instance like painting or roofing, where the homeowner is specifically prohibited from choosing their own contractor or doing the the work themselves, that the HOA takes on the responsibility of the outcome of its chosen vendor's actions.

Taking action is often the hardest part.Good luck!

Another way to look at it is the Taxable Value is personal to the owner and the Assessed Value is to the public since certain actions can be taken by owners (like Homesteading) which create the cap on the Taxable Value.

I've been in dangerous situations, I've had more deals fall through they I care to admit, I've had a listing realtor go  behind my back and buy her own listing after her client and I had agreed on a price, I've had multiple wholesalers go behind my back and try to steal my deals.All this said, I still completed 17 deal in 2014 (my first full year in RE), and planning on 40-50 deals in 2015.I am always looking into the future, picturing what my life will look like in 1 year, 5 years, 10 years, and NONE of those visions will come to fruition if I quit.Take action and keep at it, quitting won't get you anywhere.Good luck to everyone in 2015.

What is your next action going to be?  

I think my course of action will be as follows....IF they submit an app and there are no other areas of concern where I would normally reject them, such as insufficient income, prior evictions, drug/violent criminal charges and so on I will contact my attorney for proper guidance.

You can find property at good prices 'on the island', but they tend to be too far from the action.

@Jeff Howard Of course you want to make educated decisions, but don't let caution get in the way of action.  

Don't just educate yourself, get out there and take action in the meantime.