It’s far more difficult to form the HOA, obtain the approvals and new tax ID’s than it is to extinguish the existing one and would advise against it. 

I think it shouldn’t be that easy to obtain, but I guess they’re worried it may be too burdensome for those who actually need it.

Lenders title insurance policy should be obtained and all documents properly prepared and filed accordingly.

Quote from @Treasure Soe: Would anyone like to share their thoughts on the effectiveness of cold calling, Facebook ads, and virtual driving for dollars in obtaining off-market deals? 

Then there are a few more hurdles (and more time & carrying costs) to overcome to obtain final site plan approval.Having finally made it to final site plan approval, there are still the issues you're already familiar with - e.g. which side of bed did the inspector get up on that morning?

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

The solution for this is always foreclosure, and the resulting inability of the investor to obtain financing at reasonable rates in the foreseeable future.  

If any broker has advice on how I can obtain sponsorship in DFW while working part-time (I already work full-time), I'd appreciate it!

I don’t know if Jerryll’s method is the only way to obtain leads efficiently, but I hope everyone else beliefs him so I can stop getting solicitations! 

@Adolphus Fletcher - If you're main goal is to build business credit there are different avenues to do so including: obtaining and unsecured line of credit for the business, applying for a business credit card, applying for business accounts such as Home Depot/Lowes, etc...