Most likely you will need to get everything approved by the HOA.

That seems like a huge headache, managing an STR from out of state and meeting the material participation hours from OOS.

Looking for some advice on how 1031 will view rehab costs/ ARV on something like this? 

I checked into an FHA OTC loan but it had mortgage interest rate over 8% and lifetime PMI payment which I would like to avoid.

I can help you out as I know the area very well, but need a bit more specific info and a narrower geographic location. 

Located here in Austin as well.

This is like asking does anyone have anything cool to say about pizza. 

The truth is, if the owner did increase the rents and was operating the property to market conditions, and at the most optimal level, they likely wouldn't be selling the property.

As long as you meet your reinvestment requirements it doesn't matter how you allocate the proceeds.Now (now not needed) In your case if you"re selling for $800k (after closing costs and commissions) and maybe you decide you would like to purchase two properties for $400k.

Well, there’s another side to the Google Ads platform called “The Display Network.”