In my state, if you do that, your personal name and info aren't tied to the business records in any way. 

Each option can help you avoid tapping personal savings while expanding your portfolio.

Hi @Heath Shepard,I don't have any personal experience with RP Capital, but which specific market is the duplex in that you're considering?

Even a typical water heat replacement would set you back signficantly.There's plenty to the puzzle that i am unaware of but with what you've outlined here i would consider passing on the property.you know you need managementyou know you need to remove at least one tenantyou know cashflow is meager after considering management.i personally wouldn't recommend a client take on the risk for such a paltry pay out out of state.Even when considering long term appreciation the average amount of headache one assumes with a property will bog you down before the long term play pays off.

Personally all of my STR's could at least cover themselves as LTR's, although I acquired most of them pre-COVID and it is tough to make a retail investment at current rates and values that work as both. 

Are you even a real person or a bot?

So many people get what you are dealing with.How you invest the distributions are really a personal risk vs. reward and risk tolerance point of view for you and your family.

i.e. did you sign leases personally?  

If I said that to you in person with a smile on my face, no one would balk at all.

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.