Good Morning David....There is an attorney in Indianapolis who writes about crowdfunding, (please google him)...There are lots of regulations related to it, but if it continues to past muster in the legislative processes, this may be viable options in the future...I don't know much about it, but like the concept that lots of people can participate, because it opens up avenues for people to invest in real estate. 

Family PartnershipIt works for the Girl Scouts; find the money you need by looking to friends and family .First, design an Investment Proposal including a narrative about the transaction, your intent, the capital requested, return and security offered, time frame, and specifics about the physical and financial situation of the property.Then, present your proposal to friends, family, and others until you find a taker.Charles Parrish

There isn't anything wrong with what you're proposing, if he's willing to accept it.

Each year there is an increase in HOA dues to cover annual expenses proposed by the board of directors.Does anyone have experience or succesful argements to dismantle a HOA?

I reviewed/analyzed several of the State Street/Charlotte deals on iFunding when they were first presented and I questioned the underwriting then - the projects couldn't possibly yield the proposed returns advertised.  

Unfortunately, hard money lenders are not able to lend on personal residences due to "consumer protection" legislation enacted in the last 4 years.  

Not if its owner-occupied and not on the proposed terms.   

There are endless numbers of proposed subdividable  properties kicking around.

Now, here's the deal she proposed and I need your help/advise in taking the decision of buying the property or not. 

The issue with what you are proposing, I think, is that you will be asking them to provide the same information twice, which is annoying.