Selfishly, being able to respond fast, mitigates damage to the property (frozen pipes, mold!)

Either starting with a multi-unit or house hacking to mitigate the payment.

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

You also leave out the fact that the government has a duty to others who don't live in the area, but who have to pay taxes (coercion) for the firefighting and clean up, and the first responders, to mitigate their harms.

Primarily, portfolios consisting of stocks, ETFs, and/or mutual funds.There are a few ways to mitigate the risk with this sort of LOC.

Are there strategies or steps to mitigate the risk of new regulations?

I have done extensive research in the risks, how to structure such deals to mitigate those risks as effectively as possible, and legal considerations of each strategy. 

It couldn't hurt to call a couple attorneys right away to see what they say in terms of cost and suggestions for dealing with this quickly.In terms of mitigating any legal issues with your tenant be sure you are documenting every conversation you have had with the HOA in terms of asking them to make the necessary repairs.

I offered to buy the property from the $28B foreign company which kept them from having to tear down the buildings to mitigate the vagrant problem and also from their obligation to pay the rail road for the long term lease.