But if the law suit will truly be settled in a year and if the home will truly be worth more in a year than its current value then it seems like renting is a no brainer.

I’m wondering...(1) If the association decides to implement a no renters policy and I already have the tenants in the unit, am I protected under a ‘grandfather’ situation, or could they force my tenants out?

This should be a no brainer, since you are on (or should be) the HOA notification list, since you are a lien holder.Hope that helps.Good Luck!

As for the deposit, if he has really fixed the house in the last 10 years, then this is a no-brainer, give him back. 

My view was this is a no-brainer.

@Christopher Veljkovic Dude, this is a no-brainer!

That difference of 300k is a no brainer.Is this Provo, Utah, market?

Use of Lots.The Lots shall be occupied and used as follows:(a) No Lot (as "Lot" is defined in paragraph 1 (b) above) shall be used except for single family residential purposes.

Ran it over with the "wife" and it was a no go.There's that.

The legislation requires the O-Fund set up be a new one (e.g. no repurposing something you've already got), 90% of the monies need to be invested in an O-Zone,  gains must be rolled into an O-Fund w/in 6 months of the gain occurring (ordinary income does not qualify), the O-Zone property needs to be one that is used in a trade or business (which would include rental housing, but not unimproved land).