Here are the statues that govern HOAs in Nevada: https://www.leg.state.nv.us/NRS/NRS-116.html 

@Pandu Chimatait is unclear from your post if the total gain is 20K or if you and your partner each have 20K of gain.If we are talking about 40K of gain - you and your partner would be saving $12,000 of taxes(based on Dave's suggested federal and state tax rate).After an approximate $1,000 fee for the use of a 1031 intermediary - there is a potential of $11,000 of savings if you do a 1031.It is something you should consider if you plan to continue investing in real estate.

The sole exception may be if you're renting to a tenant who is just so old (or otherwise culturally disconnected) that they don't use digital platforms, and getting them to do so would be more work than the benefit would be worth.In my observation, hardly anybody under 30 uses checks anymore except where the government (or their old-fashioned landlord) requires them to.

Become the destination overnight for wine and brewery hoppers.The HV also has a good amount of farm land, with the federally protected black dirt region, that seems to be the rustic “look” most breweries are going for up here.

Lis Pendens was filed two months before the United States of America put a federal lien ($$$!)

My situation is I am able to take a loan out of my government retirement account at a very low interest rate which goes back into my account with no penalty.

Think about a few things when considering investing in upcoming cities 1) Current or future infrastructure projects 2) population shifts over the past 3-5 years and projected population increase/decreases 3) research the area on municipal websites, blogs etc see what people are saying about the area and what local governments plans are.

Act problems and federal Dodd-Frank problems. 

They govern the operation of your business.

That might be on the property management company that he was using but it appears that he has had knowledge of it for some time and continued to promote selling more properties to be managed by the same property management company.at this point I believe with all the buy backs and pending litigation he is trying to sell his way out of a deep dark hole.. it will take government intervention to shut that operation down.