Personally, I wouldn't spend money on an attorney because 1) I think the covenants/restrictions can sensibly be used against STRs and 2) because the HOA potentially has deep pockets if the officers decide to fight because they can pass the cost of the fight to the home owners.I would reach out to the officers to get their sentiments and to plead my case, and I would start building my case with the other homeowners. 

That is why large private equity firms and buying up parks all over the country... they have great cash flow and don't require a lot of 'management'. 

Find out what that VA restoration will really cost youSecond, you are making a rookie mistake, one that the gurus play on to make you spend money for almost always useless sessions.

You can even do private lending and get great returns.

I'm curious if you have considered approaching local non profits that might want a private partner.

If our analysis shows that we can cash flow the property we'll make an offer to take it off his hands, spend $ to improve, and then cashflow it.  

The law allows a private person to create a contract for a property they want to buy or sell.

.: Quote from @Xin-Ran Jiang: But when they bring up the syndication approach of LP+GP, that they will help me raising 35% down payment from private money in exchange of 65% share of ownership, I shocked.

Realistically, what would you want to see from a private lender?

I financed this deal through a private lender, which provided the flexibility and speed needed to close quickly.