The priority of the HOA lien vs. other interests should also be discussed.HOA dues/assessments are almost always a lien from the day they become due without the need for recording.How long a lien remains enforceable (typically referred to as the limitations period for enforcing a lien) is usually state law.

And of course, this was essentially disrespecting the tenants, kind of bullying them since they were desperate at this low end of the market and had no power.

@Karen Margrave , there is a limit to how many times you can vote for one person in a day.

They may have a scarcity mindset which will ultimately limit their growth. 

I will let an expert like @Michael Plaks or @Brandon Hall answer that, because there may be limitations when remodeling a non-rented building.

Only the partnership/llc can do a 1031 making your options limited if you do not have a control over the partnership.

And don't forget that "With great power comes great responsibility!"

If so, then yes, find out what sold comps (per sq ft) go for.If not, why limit your search to 2-4 unit properties only, rather than 5+ too?

Due to limited funds I’m doing most of the rehab myself and only subbing out a few things so it’s taking me longer than I’d like.

This structure will let you capture the capital gains on the land thus far without it triggering capital gains taxes (assuming you don't trigger any of the limitations on the sale of your personal residence, or the gains are more than the exclusion).