If not you are not loosing money by not making deals that don't work.

Unfortunately, you are bound to run into tricky situations like this when you rent your property out to people you have a relationship with :-/

The moment you go out of your state you are loosing your expertise and knowledge of market dynamics but you are getting premium cash flow.

Some boards are a loose affiliation of "we all pay $75 a year to have the road plowed in the winter" (not that you know about that in NC :) and everything else is on you.

If you are loosing money then you need to decide if its worth it or not based on how long you will gone before returning.https://www.irs.gov/pub/irs-pdf/p527.pdf

Some deals (and maybe this one), aren't worth doing, even if you get a lower price because even if you had to resell, you'd loose any discount with the cost of transaction.

Not a large area, about ten bricks wide, but the mortar was worn away and some loose bricks.

If you inherited the property as well as the lease, not sure if you are bound.

Parking the money in the bank is going to cause you to loose buying power.

Keep in mind that you are still buying into an HOA and you will be bound to their rules - with one company/developer having a majority interest/control, you may not like the decisions they make in the future but would still have to abide by them.