Unfortunately but not surprisingly, at least to any one that has goon threw the real estate game, this creates the potential to derail the whole deal and force me to walk away, for no short list of several reasons, top of which being cost of monthly dues (if applicable) and possibility of an assessment to pay for some kind of community work. creating the possibility to make the palace financially unaffordable, then their is the possibility of the association rules and regulations forbidding the kind of work or improvements that I might wish to make to the property or personal uses of the property. Not to mention that if I'm unable to get satisfactory documentation on the CC&R's as well as the financial health of the association that could also force me to have to walk away from the deal due to the unacceptable extra level of financial risk.
For now I am stuck in another stressful place of having to prepare my self for the worst and for the possibility that I will have to walk away from this deal, and the house that I want, and to start all over from square on again. Yet at the same time hoping for the best but trying to not get to attached to the place. The other part is hard is that I know I do have an attachment and that I is very possible for that the could my best judgment, and I don't really have someone that this has no to little baring on that has a very good deep understanding of me that can give me some guiding advice.