So no Board, nothing to manage except State law...the organization docs for the HOA should have identified when the developer maintained control, the terms for it to be turned over and at turnover you would establish a legislative body which would be the Board...

but i also 2nd @Jay Hurst's sentiments - get a 2nd or even 3rd opinion on DTI/ full doc. i personally love files that are puzzles, i get some weird satisfaction out of figuring out how to make it work on full-doc, especially when my client has been told "no" before. if it doesn't work now, a good loan professional will help you create a path forward.

However, due to a leak that impacted the kitchen, I had to demo some of the drywall and a small part of the ceiling.

Oil heating costs are outrageous and you also have to deal with leaking tanks which can be a nightmare.

Plastiq asked me to send them the title company's contact info, and upload the final closing docs and the purchase and sale agreement with any addendums.

Hi Andrew,- If you were in school before Oct 2023 we can use it for employment history - If you were employed for 2 years in the past this should also work (with explaining the gap)- We can do a Non-QM one year employment full doc with no PPP that is better priced than DSCR (but not as good as conventional)Hope it helps 

I also just found out that there's foundation issues because of the leak and was quoted roughly $35,000.

.- The bathroom sink is leaking—do you pay a plumber or fix it yourself?

Yes I understand what you are noting, and I believe on the commercial side of things they are typically not putting their names on the docs like you do for a resi loan but just brokering/underwriting it and collecting a fee as a 1099.

I've done one LLC in Illinois and it was easy: $75 to the state, one web form, draft up some routine procedural docs etc.