It had a LOT of value add potential, so we pulled the trigger.

I understand that we made a mistake by not checking the covenants of the main HOA, but mainly went with the sub-HOA rules which don't mention anything around multiple properties for lease.Property A's lease expires end of this month and I have a tenant lined up to start a new lease term from 2/1 and Property B's lease expires in April and the current tenant is a long term one and would like to renew for two years.My preference to at least keep both of them through next January and potentially sell or transfer Property B to my son who is graduating in May and have a full time offer in hand. 

I would not rely on the agent's contractor and their numbers but maybe you or they picked up on potential problems that were overlooked. 

The answer to this, as well as the potential current value of your father's home will determine what options you have.

Real Estate requires time, energy and expense. 

I have been analyzing deals for quite some time now and would like to learn more on the commercial loan process for potential deals.

If you want to expand in this market, we currently have 6 properties available with amazing potential.

We are looking at a rundown MHP in the area to potentially flip into a tiny home community and looking for boots on the ground support to do a preliminary walk through of the property and surrounding area for us.

If you buy a townhome in an association that is operating well (e.g. has plenty of reserves for capital improvements and no deferred maintenance) then as long as you are cash-flow positive after HOA dues are paid (and you budget for potential increases) then townhomes can be an easier property to manage. 

At the end of the process I would like to end up with a good understanding of the questions that need to be answered to potential foreign investors.