It couldn't hurt to call a couple attorneys right away to see what they say in terms of cost and suggestions for dealing with this quickly.In terms of mitigating any legal issues with your tenant be sure you are documenting every conversation you have had with the HOA in terms of asking them to make the necessary repairs.

Are you exploring a conventional loan or a loan specifically designed for rentals?

I do NOT have enough knowledge or experience in this arena to provide specific “how to” accomplish this, or even to provide specific”proof” of my position.  

CA is brutal when it comes to taxes.I don't give tax or legal advice, but many people believe that holding the property in your name and having a good umbrella policy is a good solution.

You’ll need to treat it like a business—handling tenant management, accounting, legal compliance, property maintenance, and more.That said, when done correctly, it’s a powerful tool for building wealth!

Tax and Legal ConsiderationsUnderstand the tax implications and legal responsibilities associated with rental income.

You can call suppliers, but may need very specific details to get a meaningful number.

Additionally, lenders may require a release price (a specific amount to pay down the loan) for each property sold, which can complicate the strategy.It’s worth discussing these details with a trusted lender or mortgage broker to ensure the plan aligns with the loan’s terms.

This is something their screening probably would have caught, or their system would have a legal procedure to deal with it.

Hi @Esther IrokoPlease kindly ignore all the specific advice from Americans as the landlord-tenant laws are so different in Canada.