The writing a letter is a great idea also.  

I would consult a lawyer and listen to his advice but where I would try to direct this is the lawyer write letter to HOA that they do not agree with the HOA interpretation that the current CC&R does not allow STRs.  

Bruce, there are many programs out there that will be able to write the entire portfolio. 

We manage several 'hybrid' properties in Indianapolis, where many function as STRs for the majority of the year and shift to MTRs during the winter months.

Additionally, there was still a fully functioning bathroom during that time.

Though they did ask for a list of owner expectations (with space to write in) in our original agreement and I listed “transparency.”

The second issue I have with STNL is that if it functions like a bond, then isn’t this a terrible time to buy?

I suggest you write up a contract with your seller and take it and your GFD to a local title agent. 

Excessive complaints or three violations in three years could lead to losing the ability to operate​.Impact on Neighborhoods: Non-owner-occupied STRs (Type 2) may cause friction in residential neighborhoods, as they often function like businesses, which can disrupt the local community atmosphere.Recent Regulations (2024 Updates):1) STR operators must obtain a permit for either Type 1 or Type 2 properties, depending on whether the owner lives on-site.2) Platforms like Airbnb are required to remove any listings that lack a valid permit.3) New noise and occupancy regulations apply, with stricter enforcement through permit revocations and finesThese regulations are part of the city's efforts to balance the benefits of STRs with the preservation of neighborhood quality and local safety standards.4o

Fees should be clearly stated in writing, easy to understand, and justifiable.