More like one person on the HOA is opposed.  

The primary residence exclusion is $250k per person on title.

They obtain and manage capital, whether it’s private equity/debt, bank financing or personal capital.

Personally if you are looking to grow in real estate going the traditional method/way of getting good properties under agreement with traditional financing will get you to where you want to go faster than trying to find all the needles in a haystack.

Under any scenario, any state, someone who sits on their rights and lets someone get into the weeds to the benefit of the person who sat on their rights, will NOT have those "rights" enforced by the courts.  

I personally think it really depends on how much value will it add to the property and if the town will allow it. 

I'm not a professional Tax person.

Upgrades include a fully remodeled kitchen, renovated bathrooms, new durable flooring, contemporary fixtures, and efficient heating and cooling systems.

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It's been 2.5 years since I purchased my first property and now that everything in my personal life has slowed down I'm back on the horse and ready to find my next investment.