There’s zero chance I would move out.

Is it smart to take out a 40 year loan to get some cash flow?  

But don't let them know it.It amazes me how many of our members at MassRealEstate dot net have an Asset worth $300-500k Rent it for .5-1% of value and hardly pay attention to it, yet chase a tenth of a percent in CD rates;-)

HOA management for a bunch of peripherally involved out-of-town investors is probably a great opportunity pass along overpriced contracts to your local buddies. 

Just like any market, it has its quirks on what to look out for and what to expect. 

I find that usually weeds out any problem guests. 

It's definitely one of those issues that is very specific, and would need to be worked out with Planning.

That is a safe harbor from the IRS with a couple of caveats. 

Most agents have  a few transactions with their sphere before running out of business.

They do seem possibly open to seller financing the difference of $172K.