How I would go about it is bring a deal to someone ( a friend or colleague) that I knew had money, offer them the terms I have in mind and continue until I find one.

Any tips you could give me on this in terms of viability?

Knowingly buying into the red just because of financing terms is a very unhealthy way to invest.

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...

I got better terms than I could get with a bank.

https://www.biggerpockets.com/blog/short-term-rental-loans-a...DSCR Loans: Terms to Know When Working With These Popular Rental Loanhttps://www.biggerpockets.com/blog/dscr-loans-terms-to-knowWhat’s Next For DSCR Loans?

Along those lines, if the owner gives you a very FIRM "NO" when you present your proposal to rent their home for the purposes of doing STR (short-term rental).   

I cannot believe I missed them for so long! 

BP COMMUNITY I’m Christopher Espinoza ,I'm based out of Long Beach, CA and I’m passionate about helping homeowners in Detroit, Mi.  

When I was a tenant, admittedly a long time ago, I would turn off the air conditioning when I went away for a weekend in the summer, even though I was not paying for the heat/air condtioning.