This is not to say that you should not buy it, just letting you know you have failed to include many costs that will (over time) hit you.Secondly, read the HOA bylaws and CC&R's, they dictate what you may or may not do and who is responsible for what.

Brandon, as long as a property does not have a HOA restrictions for STR's and ALSO does not have CC&R's restricting STR's (sometimes you have no HOA but still have restricting CC&R's- many times even realtors get this wrong), you're good to go on rental timing for STR's.That said, as far as max occupancy, etc, I'd recommend you run that by Mesa/Chandler/Gilbert STR specialized realtor or even a local STR property manager.

@James R McDowell I can't tell if this is a real question or you're being facetious... 

And finally one more issue: one of the R's is a Refinance, which also might be challenging using non-recourse loan shortly after the purchase. 

Quote from @Greg R.: Did you try to talk with the tenant?

@Greg R.

Have you received a 1099-R from your withdrawal last year?

Because it seems like any land use attorney that does HOA/CC&R type work for small projects could handle this. 

@Frankie CullinanCPEC1031.com, Jeffrey R.

@Laura R.