Write the contract..

You can write your own rental agreement, as long as nothing is contrary to your state law.

When the market turns, we'll simply write a check from our line to get into the next property.

For tax, you write off the origination fee in the tax year that you actually paid it.

Having said that however, if it is written within the HOA convenient you're not to have rentals under 30 days -I'm not sure what legal grounds you would have to fight this, unless you've gotten a waiver or something in writing from the president maybe- but again, that should have been voted on maybe and it seems like you might not have 'documentation' to proceed with this.As far as the house sitting vacant - it seems like it might be best then to get full time renters in place and have a more stable monthly income coming in that is in conjunction with the HOA covenants. 

I will add that it seems finding the deal is the most difficult part right now as I write this in October 2021.

I put the entire design & development teams together, get all city approvals and then manage construction of high-rise residential buildings, hotels - and recently even industrial - ground up projects.On the side (much more than a hobby at this point) I am investing with my super talented partner and brother from a different mother @avihay ohana (also a BP pro member) in the Charlotte, NC area.     

Instead, you pay tax on your profit:  the proceeds of the sale less your cost basis (basically your purchase price (yes most closing costs are deducted, but I'm trying to keep this simple and not try to write a book). 

I have been doing a small development utilizing the GIG available talent to lower costs whenever possible.

We are allowing them 100% of the cash since we are doing Early Depreciation write offs on our new locations, which is helping to offset the Capital Gains on the land sales.