If you buy a property that has an existing lease, you have to honor it regardless of the terms.

I found your post interesting, because you have created a niche for yourself, that seems to be fairly unique.I don't have any conventional options for you, but you might consider looking for houses where the seller would owner finance, or deed subject to the existing mortgage.

There is a lot of opportunity out there and it exists in every market.

-Steven the Tax GuyYour Guide to IRS laws, rules and regulations.

Do not trust existing fences and so forth, as they could be way off.

Your father is ill, different circumstances now exist, get an attoeny, don't mess with it!

My question is this, once I get it set up, where does it "exist?"

The rule in this case would have been little misleading adding an additional $1,700 in expenses that don't exist.

our board came new rules and regulations without a vote of the association members.

Your only salvation might be owning a particular phase of the project that might be peeled away by lenders, but don't bet on it as the problems arise through the HOA of the PUD, if it is a PUD.As to slick thinking circumventing lending regulations....with multiple entities....bad idea.