Not to mention, they probably won't want to admit it if a building they manage is in really bad condition.If you're serious about buying you should first talk to fellow investors and define your buy box.

It's essential to clearly define your goals.

The first consists of the general exemption, which means the sponsor just complies with the definition as defined by the SEC.  

I can tell you that not all of them operate as non-profits, and unfortunately,  many of the for-profit groups are like the one the OP referred to, in that they are overpriced and exist purely to serve interests of the so-called leadership (though I wouldn't define many of those as leaders).

But in order to do that, you need to define "rich," and you need to find "quick."

By way of example, Seller shall not extend the date of completion in connection with any Curative Period (as that term is defined below).It is expected that the construction shall be complete sometime between AUGUST, 2022 and SEPTEMBER, 2022.”It’s been more than two years for me since I signed.  

The bullet in the response that is standing out to me is:"(7) The accessory dwelling shall not be a short-term residential rental, as defined by City Code section 3-2-152(a)(2), for a period exceeding 120 days per calendar year."

This will provide you two benefits:1) Help you better define the position, so you can hire a better matched person2) Make training the next person easier

Under Declarant Control, which is defined in the CC&R's, the developer is the HOA Board. 

Specific technical issue that triggered this post. When parents employ their minor child, the child is exempt from Social Security and Medicare (aka FICA) - if under 18. But what exactly happens in the year the child ...