So you can follow Jason's recommendation to sell nicer properties and purchase more cheaper properties that provide better cash flow.Of course in the modern 1031 a qualified intermediary is required to facilitate and document the process of you selling and buying.

Bottom line is you can jump through hoops to insure your HOA follows the proper procedure so they can legally enact the new regulations or you can move on when your tenants lease is up.

That "disproportion" erases net cash flow for investors looking to buy SFHs in the current market as they look at their spreadsheets.That said, my secondary follow-up question is this.  

The following is my loose game plan for the next couple years.

Any remaining dues follow the "first in time, first in line" rule and will fall in order based on when the hoa recorded their lien. 

You must talk to some hard money lenders (which can range from a private individual with cash to lend, to a quasi-mortgage broker who does HML and bridge loans - the former often being the easiest/quickest/simplest to the work with, the latter often being more like applying for a conventional mortgage), because you have to know the following about your financing options/costs in order to evaluate potential deals:LTV/down payment requirements, and whether they cover just purchase, or both purchase and rehab costs.

My suggestion (after following Alina's) is to focus on saving as much as possible to put yourself in a position to invest and in the meantime it's education, education, education!

I followed up with the guy and he said they weren't home and there was nothing more that he could do.

Then I follow up with a cold call or if the PR has an available e-mail address I use that as well.

I've been looking through the threads and found the following mentioned do offer HELOC's on investment properties,PenFedTD BankBOA(Local Bank)Wells FargoUnion BankUS BankBoeing Employee Credit UnionGTE Financial Credit UnionBank of the westFirst American BankFirst Midwest BankDon't know which will apply to your state but may be worth the few more call to find out, happy hunting :)