This is bad practice.

In practice, this means we dump {most} surplus cash flow onto our mortgages and, when we find another property to purchase, we draw those funds back out via the LoC component.

I am sure things are handled very differently over there.You might want the HOA to pay for a consult attorney local to the area and HOA formations and enforcement practices to get a take at the meeting of options to proceed forward.No legal advice

She is such a good and trusted friend that we did no paperwork (I know, its a bad idea in practice but still no problem there, I also figured I can put a mechanics lien on the property should she try to claim its hers).

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@Matt Devincenzo -that sounds like the most practical first step.

- There were some illegal practices going on a few years ago (and probably still are).

Not sure if this is a common practice but I would love to hear any imput.Thanks and I look forward to connecting with others in in the BP community.Brad

Though not formally documented, in practice our hard cutoff has been 2-weeks - where we will charge a half-months rent - but rarely have we ever given more than a week as a concession.

It's always good practice to shop around.