Here are some of the responsibilities.Financial Management:Overseeing the HOA's budget and financesCollecting dues and managing delinquenciesMaintaining financial records and generating reportsCommunication and Administration:Acting as a liaison between the HOA board and residentsDisseminating information through newsletters and noticesResponding to homeowner inquiries and concernsScheduling and facilitating HOA board meetingsMaintaining the Community:Overseeing maintenance and repairs of common areasEnforcing the HOA's Covenants, Conditions, and Restrictions (CC&Rs)Managing vendors and ensuring adherence to contractsSupervising common areas like pools, gyms, and landscapingOther Responsibilities:Planning and organizing community eventsHelping to resolve disputes among residentsStaying compliant with local and state lawsThe PM doesn't go on-site is very weird, it's called Property Manager for a reason, to oversee the property. 

Mike, I would be happy to help you with any analysis you are doing and share my perspective and data access.  

Some lenders have minimum size restrictions.

You simply sell the property, take the cash, and you can reinvest it into whatever you'd like without any of the restrictions that come with a 1031 exchange. 

Development is not rocket science; you can achieve success by accessing the right resources and connecting with people who can provide the knowledge and tools you need to get there.

Lenders often have 'in house' capital to lend that can be accessed via exception or compensating factors.

So because the other unoccupied unit has the same number of bedrooms owner occupied might be a no-go, but the SFH (2b, 1ba, w/garage) unit has a larger square footage and garage access, so wondering if we might be able to get use that as a means to occupy that unit.

I would get 0% offers for balance transfers where the bank would allow me to access up to the card limit in cash and direct deposit into my checking account within 2 - 4 days (for 3% fee).

Hi Abdul,I just backed out of lots purchase in Galveston Bay breeze area few weeks ago because from my findings on the HOA and certain restrictions.

Now I have a few thousand dollars saved up with no debt and access to about 5K in borrowing power.