I’ve been a real estate agent and investor for over a decade and have only had this come up on a handful of occasions and prior till today no one has detailed out the rules to me  personally.These rules concern a fairly narrow set of circumstances that many investors will not encounter until it’s causing a problem, so no I don’t consider it common knowledge outside of lending circles.Not being able to sell a home for a profit for 90 days is from my perspective a fairly arbitrary guideline.  

I leave the rest of the rental income in the bank account for any future expenses.Is there a more simple way to do this?

Maybe I will just have to spend a weekend in one of the cities.kson Wu  You basically summarized all of my concerns about the SGV into a few paragraphs. 

As a going concern I believe those assessments would be interited under California law.

This method leaves a lot of stress and unknown factors off the table and limits the pool of potential buyers to serious investors instead of dealing with the potential issues of individual buyers looking to buy a owner-occupied unit. 

I guess the seller's attorney thought it wouldn't hurt to ask me...I agree re: being concerned about the HOA's lack of responsiveness.

That is why I suggested the notary option: that is where leaving one’s thumbprint can speak to the true identity of the signer, should that be needed later.

I second @James Carlson has great info on investing, the laws leave it wide open for Airbnb. 

If it was a traditional bank then maybe they would be more open to discussion if you were to leave a large amount of your safety net sitting in an account at their bank for a certain time as a "hedge" against your possible failure while also giving them room to lend more to others (because of the $ they have on deposit)? 

If so do I just leave the Broker information blank?