Without more info this sounds like a less than optimal deal.

Sounds good about connecting in the future.

Hi Jeffrey,It sounds like you're in a great position with your rental portfolio and cash savings, and I admire your commitment to keeping your investments!

They made it sound like it was something easy to comply with, but if anyone who is a beneficial owner has their ID expire or they move, you have 30 days to re-submit the paperwork.  

Trying to read between the lines it sounds like you have a regular owner occupied homeowners policy in place on a rental property. 

You are trying to say you will use the " investors" to fund community programs, that sounds like a charity because there is no earning on the investment.  

@Dave Allenhello. this is going to sound reductive but if you want something immediately cash positive... i'd go with a savings account.rentals are long-term cash positive. 

Sounds like you are in a pretty strong financial position.

Hiring a lawyer sounds expensive, but it is way cheaper than hiring a amateur (in this case yourself) who costs you money and provides no results (and then you need to hire a professional anyway).My personal philosophy is to "do it right, or do it twice" and its way cheaper to do it right once. 

For me, the later option sounds more reasonable, cause the exteriors are covered by the HOA.