(I think homes will still go up in value in my area due to population growth, just at a more modest pace.)  

I've been to free events that had good information but most have been a complete waste of time.I understand their agenda is to sell you their products and that it may be an opportunity to network.

I have another meeting at the next board meeting and it is on the agenda but there is no guarantee that this will be approved so I might be fighting the battle for longer than I want since the condo market is climbing at a faster rate of appreciation.  

Have you been increasing rent to keep pace with market rents?

COC isn't stellar at a mere 7.72% but if appreciation continues on pace that could easily be six figures per year so we could potentially refi and pull all our cash out in a year or two (although I don't usually do that because I'm too stingy to pay closing costs twice and sourcing capital for deals isn't an issue). 

The problem is that even a well managed HOA can change overnight when one member who is doing a lot leaves, or a new member with an agenda is elected.

The benefit of taking it online is you can work at your own pace wherever you want. 

Pick a reasonable pace and stick with it.  

@Kyler Pace What will the property be worth in a year vs what is the strike price on the option?

Finally the foundation, framing, and roof got done at a snail's pace.