You will have higher premiums if the property is not operating within a formalized 503c nonprofit entity. 

(We had some bad subs at points) but I bet if you check your gaps you’ll find your problem.

Check with your local boots-on-the-ground team to learn about how that particular HOA operates.

Is it because people that operate and manage their own str can hit the 100 hour participation rule?

Including financing strategies and cost of operating.

I am semi retired at age 44, I sold my franchise business 1 year ago and have a very good idea of what it takes to operate a business successfully. 

I bet realistically most people would stop there.

We are not real estate licensed, so that would be the biggest area of opportunity to learn (we'd use a realtor at least in the beginning).We are considering selling the company because 1) my husband hates managing W2 employees/operations (but he loves working with subs) and 2) it would give us extra cash up front to reinvest.

You know, operate it like a business.  

With its unique Tex-Mex menu and brand appeal, Chuy’s has already established itself as the leading full-service Mexican chain, providing Darden a foothold in the rapidly growing Mexican cuisine sector.As the company looks to expand Chuy’s, it faces challenges in competing with local operators and navigating consumer preferences.