A variety of things could have caused this.That said, what you've described above is not so untypical in terms of the steps of the process for a fix and flip loan.  

A HELOC is a short term debt instrument.

For many young Americans, buying a home has always been a major milestone—one that represents financial stability and long-term investment.

Appreciate any guidance.Best regards  My recommendation is ot search the forum posts here on SDIRA and lenders as there are very few lenders and you can google and look up here on BP the terms that they provide. 

So no Board, nothing to manage except State law...the organization docs for the HOA should have identified when the developer maintained control, the terms for it to be turned over and at turnover you would establish a legislative body which would be the Board...

If you had to pick a market in the PNW to invest in a long-term rental, where would it be?

In terms of the permitting process, an architect that can self certified drawings would reduce the wait time to receive the permit. 

In Denver metro area, for instance, the city of Denver only allows short-term rentals in a primary residence.

The big unknown is how deep the electrical and plumbing work will go.Also, with the attached 1/1 unit, I’m debating whether this could work as a long-term hold instead of a straight flip.

I've done some negotiation with the seller already and we've agreed on the broad terms of the deal.