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 stick with boring buy and hold, but in another state where the numbers do work.

If not, I most definitely would reach out to the tenant, introduce myself and ask if they are going to be out by the 31st or the 1st, I would communicate  to the tenant as if I know they were told they are expected to leave, otherwise you may find they "do not know" they need to leave even if they actually know they need to leave....In the case they claim they are not aware they need to leave, you would need to follow the laws in the state you purchased the property, usually you can find that info on the states judicial branch or speak with a landlord tenant attorney. 

I am interested in buying a long-term turnkey property in a nice area (I live in San Diego so this property would have to be out of state).

Hey Jack - Check out this article: https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

But what you did accomplish is that now you owe $800 per year to your greedy state of CA, even though the LLC is formed in another state.

@Drew Sygit @Gregory Schwartz From this HUD map it is 17 States/DC, and another site says 22 States which may reflect some more recent updates.

You say that you are investing out of state.

Governor Greg Abbott today touted Texas as America's undisputed jobs leader for the third year in a row, with more jobs added in Texas in 2024 than in any other state.

If you switch to or stay with the custom tax settings, you'll need to update the amount of tax collected to 7.75% because the 9% city tax will be collected and remitted by law to the city on your behalf, but  the 6% state and 1.75% county tax will be collected and sent to you to remit to the state and via Avenu to the county.