So, we have consulted this with an attorney who says that HOA is free to apply its rules selectively as they like, and we can’t do anything about it.

@Forrest Hayashi the new owner needs to apply for their own license.

Been applying to a couple lenders but I figure I’d send this post out and if anyone has a lender that has helped them with a similar issue.

I saw this in the tax code form 537, how does this apply in the above situation?"

This would not apply if you get a loan with a personal guarantee.

However, the exemption doesn’t apply if your building is a i) Professional office of a health care provide ii) Public transit station iii) Airport passenger terminal iv)Shopping center or mall ...

My business partner and I are seeking the best way to apply for conventional loans on future investment properties. 

But for a couple of responses, this is some of the worst advice I've ever read and does not apply to NJ.

In Texas, I always assume a tenant has a gun so no way I would consider this and the is no one does thisThe same list of exempt items  applies to collecting a judgment.

I have seen this rule not applied, but have also heard instances where the rule is applied.