Operating expense - Mainly only wifi enabled locks have a monthly fee.

Implementing the SDIRA LLC + BRRRR enables me to protect their assets and provides the necessary rental income to offset the AL costs. 

@Michelle EisenbergNeedlessly Losing money everyday is always a legitimate reason to worry .

Said request shall include adequate plans, specifications and similar items, so as to enable the Trustees to reasonably review such request, and the period for response herein provided for shall not begin to run unless and until such are so provided."

The last thing that comes to mind is a hybrid debt instrument but that could get a little tricky.You aren't going to get any legal advice on here so if you are legitimately concerned you will want to talk to an attorney about your specific concerns and they will let you know if you can structure around it.

This enables investors to obtain additional loans from Fannie or Freddie."

If it's a legitimate debt, the HOA would have put a lien on the house already, and this would have been discovered by your closing attorney.

You will typically want a legitimate company agreement.

I know I've seen some talk of this on other websites, and wasn't sure if it was a legitimate strategy, or if I was missing something. 

If they have a lease, they get the benefit of the duration of the lease (Assuming its a legitimate lease).