My agent assured me that she would confirm with the HOA.After an hour, she informed me that the HOA allowed monthly rentals.She also mentioned that the HOA documents would only be provided on the closing day.However, on the closing day, I received a letter from the HOA stating that I could only rent the property twice per year.I agree this has been a very expensive lesson.

Is there different legality to doing this versus an ADU?

@Brian Adams so basically my plan is to use my agent, who is willing, to write the offer, use transactional funding to double close to another investor on my buyer's list.

I started hinting a couple of months ago that I will need to take legal measures if he doesn't get caught up and back to consistent payments.

Do you think I am wasting my time for this for 34k profit if I am spending close to 25 k in cash? 

My initial reason for wanting to do a new consutrcution was because duplex/multifamilies in my area or close to it are around 800k.

I am assuming I need to provide LLC information under company information.I am not sure if there is any legal obligation to provide my personal details.

Incredibly (and if you watch the show you'll understand why I say "incredibly") everything convicted-telemarketing-fraudster Stevens is doing is licensed and legal.

In essence, after two years I would have turned a $192k down payment into $284k equity (minus agent commissions and closing costs).Net proceeds after selling = $284k - $38k (6% agent commission) - $5k (estimated closing costs) - $7k (cost to hold for 2 years w/ negative cash flow) = $234kAfter selling the property, my plan would be to roll this equity into other investment properties through a 1031 exchange.Questions:Is this a good opportunity?

But U.S. is going to have our own issues with the 2.5 %  fixed rate loans that all went out, and is possible we don't see anything close to 4% rates for another 1/2 decade.