This is difficult to do if any of the parties to the exchange realize tax benefits from the transaction.

Also ALOT of HOAs in Katy, make sure they allow STR - a lot dont which is why I steer my clients to non-hoa communities when house hacking.As far as STR and Airbnb, realize you are one of the MANY trying to go this route right now as Brandon and David have switched their tone on STR and are now starting to promote the idea (convenient during the eviction moratoriums).

I didn't realize that this was going to turn into a post.To answer your question: 2 of the 11 have already liquidated1 as a short sale in Skokie, IL1 sold to a 3rd party at the sheriff's saleOf the 9 remaining:1 is an RE about to hit the market in Fairview Heights, IL1 is a DIL in Park Ridge, IL1 is waiting for confirmation of sale in Berwyn, IL4 have upcoming sale dates (including 1 in Harvey, IL)2 are pre judgment

When they can't buy and realize they're not getting their $29,000 back or it is not getting applied to the purchase price, they get mad. 

After doing this for 20 years and doing 3,000 transactions, I realized that most associations have too much control and have the power to increase fees when they please, making it very hard to determine what your actual cash flow will be long term.

I realize it's semantics but we've always considered wholetailing as something that as done to flip to another investor, not a retail client.

Getting started is the hardest part and a lot of people don't realize how many properties they need to make it in this world.  

I have been told this most often occurs when the bank tries to sell the loan and realizes it is owned by an LLC.

I realize most of the advice and investors you hear on BP and this forum are focusing on major cities for appreciation, but you can get great cash flowing deals in smaller towns. tenants banging down the door to find good rentals in these smaller communities, so the fear of not finding a tenant is a bit overblown.

I realize we're in a hot market right now but I live in South Florida so everything is expensive in general.