I've been searching properties for a variety of ideas for almost two years now and never pulled the trigger.  

@LaShathan BanksWelcome to the BP family.

Optimally, the lawyer or the firm should be familiar with public infrastructure that developers are typically asked to pay for, such as road widening, turning lanes, new roads, sanitary sewer extensions, new water and electric extensions, fire hydrants, etc.

What did you sell in the exchange? 

Thinking of trying to market to a handful of homeowners that would like us to manage the STR for a % of revenue.

@Philip MurphyYou would need to have the taxes paid and payoff his mortgage for you to receive clear title and title insurance.All debts on the property must be satisfied to provide clear title

The bottom line of this table tells us the results of cost segregation.

Being more handy around a property to do some of the minor repairs yourself3.

I think it depends on the market.. they approached me on a furnished rental I had in Vegas (Summerlin gated community A class)  We got basically double or a little more of the normal rent..

Personally, I wouldn't spend money on an attorney because 1) I think the covenants/restrictions can sensibly be used against STRs and 2) because the HOA potentially has deep pockets if the officers decide to fight because they can pass the cost of the fight to the home owners.I would reach out to the officers to get their sentiments and to plead my case, and I would start building my case with the other homeowners.