If you use a agent and the m.l.s. you ill just be another buyer at the declared day to submit highest and best.Good luck.

Some states like CA do not allow HOAs to to restrict STRs if it was not written into the declaration at purchase.

Texas law permits a landlord to declare a property abandoned and take possession. 

if they don’t make money off of it does it have to be declared?

I know of at least 2 people who were forced to declare bankruptcy and have judgments against them.

There was  leak and several pieces of drywall need to be replaced in the ceiling of the property.The city declared the unit unsafe because the drywall might fall down on the tenant and made him move out of the property and is required the interior drywall work be preformed by a general contractor.

If you have recently closed (still trying to avoid the discussion), you may not want to bring attention to the fact that your "owner occupation" declaration was pretty much for entertainment value only.  

The question is, in the operating agreement, should I declare that my personal LLC has a 50% holding in the new LLC, or that I personally have a 50% holding?

Some companies also modify their Condo unit owners policy (Form Ho6) to cover a rented condo.First thing I recommend is to review the Condo documents (bylaws and declarations) to get an idea of what you need to insure (look for the description of the unit to show the boundaries).Once you know that seek quotes and have them quote:1.

A "Warranty Deed" is simply the piece of paper that is filed at the courthouse and declares who holds title to the property.