I am going through the regulations and restrictions in that place (not a closed community but there are some rules).

Make sure you know the regulations. 

The only instance in which that would be appropriate would be if they need payment flexibility, as most HELOCS only require a interest only payment.

We can't HELOC due to TX regulations and cash out refinance doesn't make sense with interest rates.

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

That is why I am moving to STR because I am tired of all these regulations popping up everyday.Sucks that you had to replace the toilet, and they rejected the payment.

The city just passed a very confusing zoning regulation restricting student housing to a specific area, and we're all trying to figure out what the fallout will be.

Thanks for the replies - going to try a different number first, then I'll be at my property this afternoon to work on my empty unit so I can try knocking on the door myself.locally we have a 5 day notice for non-payment as well, I'm definitely trying to stay ahead of the curve on my local regulations, great call-out!.

I admittedly have a bias against condos for the following reasons:1) HOAs - both a lack of control over fees and assessments, as well as potential regulation changes2) they don’t appreciate as much3) you have to work a lot harder to differentiate yourself from your neighbors. 

This question is most likely best for a lawyer familiar with local regulations and code.