I suspect based on many previous instances that the Board officer is manipulating people to inconvenience other unit's tenants in order to leave/vacate.  

For instance, If you purchase a property for $200 K  you would potentially have $224 K entitlement remaining of what is referred to as bonus entitlement to use towards the purchase of a future home. 

For instance, I found a pretty good deal on a 4 unit because the existing front porch/balcony (two stories) was a big safety liability and a moderate engineering problem.

Removing these items from the vents solved the issue.In one other instance the complaint of a unit not coming on was solved when we replaced the dead batteries in the thermostat. 

For instance, it's easy to find a house for $80k that will appraise at $100k.

I hear what you're saying about the escrow but the repairs he is asking for are knit picking, for instance, the entry stairs have a crack on 2 of the 3 steps in the planks (brick steps with cement plank (caps)).  

There are instances i read about where there is going to be overbid left over so people buy as many liens as they can before but i have never actually done it.

For instance, you will only get a return on your money equal to whatever the interest on that loan is.

For instance, "I would ask (this kind of person)" or "I recommend targeting a residential resale because...". 

One company, for instance, has a loophole where no claims can be filed for 30 days after payment for the policy is received-you're SOL if something happens right after you take possession.