This usually results in no funds available to make necessary repairs, which then get deferred...year after year.If it is already in pretty good condition, you may be able refine and tighten up policies and procedures to further improve finances and truly fulfill your primary job as a Board member, which is to maintain, protect, and preserve all of the common and limited common elements.

The management company has been handicapped by supply chain and travel disruptions, which primarily prevented European students from fulfilling their summer lifeguard and hospitality jobs, but vacation demand has been on pace to meet or exceed prior year levels (per the management company). 

That said, the key things you should focus on would be the systems you have, the vendor relationships you have, your ability to vet/secure the right tenants, the companies ability to work with landlords to provide clean/comfortable/safe units for tenants to live in.The systems around rent collections, late fees, vendor invoices, financial reports, evictions, tenant placement, fulfilling work orders, etc.

The VA Loan is designed to assist veterans in purchasing a primary residence (generally understood that it must serve as the primary residence for at least 12 months).The VA IRRRL is a different product; it is essentially a streamline refinance of an existing VA loan to achieve a lower interest rate.The VA requires a Net Tangible Benefit Requirement to be met for an IRRRL, meaning the refinance must lower the interest rate by a certain percent (at least 0.5% if refinancing from a fixed-rate to a fixed-rate) and the recoupment period of the IRRRL costs must not exceed 36 months, in order for the IRRRL to be a viable option.VA IRRRLs can be completed on homes that the owner no longer resides in, as the owner-occupancy requirement was fulfilled during the initial period of ownership (prior to the IRRRL).

They say they fulfilled the contract. 

They are limited by the Governing Docs as well as State laws, and must fulfill their fiduciary duty to all owners.

Fulfilling their agreed upon contract doesn't entitle tenants to do whatever they want, to not follow other rules or that they will receive special treatment.

If I was John, I would have a clause in the agreement that in the event your handyman doesn't complete the project 100%, and/or doesn't fulfill his end of the agreement, he will forfeit to you his equity and profits 100% without recourse.Im not an attorney, but I'm sure you can have one draw up an agreement that protects you in the end, in the event something were to occur. 

Once you get that in place figure out what criteria must be fulfilled in a deal that will work towards that goal.

Sponsor is also busy professionals who get a great deal of fulfillment of being a good steward of the Passive Investors’ capital.