The lion doesn’t lose sleep over the opinion of the sheep !

I agree it’s not that great but it’s not a pure financial loss either (it would become only if you lack sufficient liquidity to operate the asset as planned over the period).

My biggest piece of advice is to focus on properties that sleep a max of 3 people. 

The lawyer for our HOA had a different interpretation of a similar clause.Renting a property out for short term for somebody to sleep in and use as a temporary dwelling "probably" conforms to the usage of a property for residential purposes. 

If so, if he and I sign on a paper, is that sufficient ?

The Placards (which stipulate the hazardous conditions) remain on the property until I have made sufficient repairs or improvements as to qualify for a new certificate of occupancy. 

That would seem to be the easiest, cheapest fix to this.Or, if the buyer/agent objected to the specific wording in the letter (perhaps because it did not cover the issue sufficiently) ask the HOA to rewrite it.

@Dennis Pollock i love it.....i have been eating, breathing and sleeping real estate for the past 3 months.

We used 401k funds to show reserves, and that was sufficient.

I couldn't fix anything when I started, now I'm mostly self sufficient!