This will be an excellent home for a starter home, small family, long-term rental, and definitely a really cute AirBnB.

Is the mid term rental business that you have a 'rental arbitrage' business?

I think the patent Tanisha received is well worth the effort. 

Time allows for adjustments, scaling, and reinvestment in ways that short-term projects simply can’t achieve. 

@Konstantinos Lembesis If you search for posts using the city as your search term you will find many discussions that should give you more context than you might gather with a single post.

It takes more effort and there's more risk involved (therefor more reward), but it just depends on your goals and how you want to get there.As far as focusing on areas with high demand for travel nurses, that's just 1 tenant-type of many in a changing landscape.

Keep in mind, you should have already had a conversation with the hard money Lender to know their terms and process, and be ready to perform. 

would get estimates and see how long to recover the money and your long term plan for the property

For many of us, our cost structure would be higher than yours (vacancy, turnover, maintenance, cap ex) over the long term.

So no Board, nothing to manage except State law...the organization docs for the HOA should have identified when the developer maintained control, the terms for it to be turned over and at turnover you would establish a legislative body which would be the Board...