If you wouldn’t buy this property today as a rental, sell, take the money and buy a proper rental property. 

I need assistance figuring out the best course of action and structuring the deal properly, along with recommendations for closing attorneys, etc. 

With houses changing insurance to a new owner when done properly doesn't alert the bank of the change in ownership. 

Get Michael Blank's SDA and properly underwrite this to make sure you account for everything.

Account Closed in most jurisdictions the assessments are below actual value, because if they aren't they get every homeowner in the county protesting their assessed value every time which the county doesn't have the resources to properly deal with. 

However, if you never file the proper notifications and on time, then you are burdening the risk.  

A small referral fee is not worth the amount of work you would have to perform to properly analyze every investor, every flip, and every flipper...not even close. 

GfCi doesnt need ground to trip properly 

However you could run into financing issues if you have a note to a private investor, rather than proper equity investors.

@Sameer Kh so looks like your cash flowing properly. $490 a month after HOA which is almost $6k a year.