Do you know by any chance how lenders would treat a new LLC with no history when one of the members (myself, holding 50%) has a good credit score, and the other member (50%) is a foreigner with no affiliation to the US (no credit history/residency)?

Plus it is difficult to build credibility when you don’t have any skin in the game.

I’m glad you mentioned that point, and I fully realize real estate isn’t a half-in half-out game.

This is how HOA comes into the game of this transaction.2) The existing HOA document has 80+ pages and is a scanned version (so not text searchable), I don't have time to read all 80+ pages and site down with an attorney to modify item by item to what I need.

TurboTenant also had an affiliate that I purchased a customized lease for $30 or so

It was already late in the game & we were in a desperate scenario where we needed to access those funds ASAP.

Perhaps that has something to do with tenant mindset and gaming the system.

It's not a good area and I doubt gentrification is on the way but if you want to get in the game sometimes you have to make sacrifices.

That's the name of the game. 

Of course, try and have a good game plan on what you want to do.