Also our current president's recent changes to tax law have disproportionately affected states with high property taxes, which makes owning property in lower-tax areas more appealing (property taxes in Jax are somewhat mid-range.)  

If possible have president of LLC be a trust no one can crack C Corp may not allow cross asset accounting and could hurt and series could be dangerous...

4 months before Trump announced Grant Cardone said on BP SHOW 107 "get 1/2 the country to hate you and you can become president.'

We even met in person with the company's president and came to the conclusion that they seemed like a good choice.What I found from actually working with them is that what they tell you and how they actually perform can vary quite a bit.

Moreover, the five-county metropolitan region experienced the highest home sales volume since July 2011 and the highest median sales price ever at $320,000.According to Steve Crorey, 2018 ABoR president, "This means we could see another uptick in home sales growth in August to end the summer selling season on a high note.”Here are basic stats on single-family home sales for July 2018 for the City of Austin and the greater Austin area:Demand for Central Texas housing remains incredibly high.

Or is it ok as long as we are listed as the presidents of the LLC?

California outlawed President Trumps health plans.

The tenant likely has the right to stay in the property at the rate on the lease until the lease expires, but all rents should now come to you instead of the HOA.More than likely, the HOA lien remains in place and you are now liable for it.The receivership company that the HOA has engaged with (the HOA can't manage the property directly, usually) is likely very expensive, so you'll have to work to get them out of the picture.I'm the president of an HOA that has a unit like what you're describing.  

I handle several section 8 apartment unit properties so it would be a pretty simple matter to evaluate the rent rate through government support, guaranteed rent definitely helps me sleep at night (provided our president doesn't shut the government down long enough for HUD to delay rent payments).Let me know if you want to seriously run the numbers on this place presuming you have the equity to get financing on this deal (175,000 for 10% down, $87,500 for 5% down, etc).

Basically he wants to be a hands off president.