They have now prepared a stipulated judgement order for us to sign and return back; in the order, they are asking the court to register a judgement against us; we are not comfortable with this.

"I am prepared to proceed with legal process to remove you from the property if you pay rent late again."  

Quick Summary: I bought my first condo to live in, and eventually rent. Read the R&R, everything looked fine. President of the HOA is making it sound like I need to get a permission slip for interior improvements,...

Likely the best bet, is contact a Title Company or Title Attorney to prepare the transaction for you so you ensure it is done correctly.  

Be prepared to follow up with sellers and fight to get the deals on every real opportunity you can find.

You can learn a lot if you prepare yourself.

This usually comes out to an $800/year fee plus the requirement to file a CA LLC return (Form 568) which has its own preparation costs associated with it.  

Just be prepared for the worst.

They now consider that my partner has no cause for a hardship exception and, with the rental cap met, they are not entertaining requests to rent - the rental wait list is about 1 year.We are preparing an appeal to the members of the board since according to the declaration, the decision ultimately rest with them, but we are not optimistic about the prospects of them deciding this in our favor.

Prepare a script and follow it.