Again, without the "books" to review, I would be hesitant anything they're saying as far as how the property is performing.

Whenever you are purchasing a deed restricted property that is within an HOA you should review all the HOA documents including covenants, financials, rules and regulations to ensure you understand what you are getting into. 

A little bit about us:I am an investment funds attorney, and as such I have a lot of experience reviewing and understanding investment materials (PPMs, LPAs, etc.) from a legal perspective, but this will be my first engagement in the business side of investing and my first time evaluating deals for myself and my family.

The sellers agent said they were reviewing deals as they came along, so I sent in my offer a few hours later and had it accepted the following morning.

Always have a spreadsheet that shows your income and expenses and review often. 

Headaches- people parking at the entrance, parking in the driveways,hitting bollards, bad reviews don’t flow over to Storage, etc.

We have scheduled a meeting tomorrow with an real estate attorney to review the contract in depth and explore our options.Great community!!

While your at it, ask that lawyer for the missing section of your lease and have them review it immediately for other shortcomings.  

You should review the lease to find the language describing this situation.This can be a frustrating situation to be in as a landlord, but if your property garnered so much interest the first time, then you probably shouldn't have a problem renting it out again. 

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