Just outline expectations and roles, and what each of you guys are going to do, and how properties will be acquired and how they will be disposed of, and how and when money will be taken out of the company and you should be good.

With fluctuating interest rates, tighter lending criteria, and increased competition for properties, securing the right financing has become a key factor in closing deals and maximizing ROI.Are you exploring creative options like BRRRR, partnerships, or seller financing?

I'd sell the property and 1031 in to something without an HOA. 

Not only that, but it is unoccupied and subject to any number of things happening to it while it is unoccupied simply put, it just does not seem worth it to try to haggle over a raise like this. however, if you are in a high demand area with your property, and you know that it has a lot of value, you could post an ad to try to get some feelers out for occupancy and if you find something better, as far as quality and price for the occupant, then you can consider the lengthy eviction process, but again you're doing all of this for about $200 extra and none of it seems worth it.

It seems like you just really wanted this property so you let your emotions drive your offer.

I have reached out and spoken with the HOA management property manager myself, and just keep getting BS excuses and no sense of urgency on this matter. 

@Damien Davis - I bought most of my properties when I had a W2 job. 

I love fixing old properties and making houses into homes.

Owning rental properties, including STRs, does not allow you to fund SEP IRAs.

Have you considered house hacking your first property?