I would consult a lawyer and listen to his advice but where I would try to direct this is the lawyer write letter to HOA that they do not agree with the HOA interpretation that the current CC&R does not allow STRs.  

Were the two marginal tenants anomalies or is this representative of the overall potential tenant profile?

I was not serving as a “preacher” of any church or religious organization at the time of my activities with CALM and never represented myself to anyone connected with CALM as a past, present, or future “preacher” for the purpose of giving me credibility or gaining someone’s confidence.

Our new hospital, where I use to work as Lab Liaison/Customer Representative has been relocated very near with all other affiliated businesses and also new developments.  

If you’ve never done an eviction yourself might just be easier to hire a lawyer to handle it.

You get to spend a lot of time with a lawyer in court.

Turnkey investments represent another accessible path, particularly in stable markets like North Carolina, where properties are often fully renovated and tenant-occupied, enabling hands-off ownership from the start and minimizing the learning curve associated with rehabs or tenant placement.Feel free to share more details about your goals, and we are happy to help.

If you need the lawyer's name let me know.So now I'm sitting on owning an empty lot and still making loan payments.

I had set the PM value to 0% assuming I would do all the work, but as you say circumstances change so I should probably set that to around 4-5% of monthly rent value, to represent a shared labor with PM.Your most impactful advice is to assume 0% appreciation for first 5 years.

I was not serving as a “preacher” of any church or religious organization at the time of my activities with CALM and never represented myself to anyone connected with CALM as a past, present, or future “preacher” for the purpose of giving me credibility or gaining someone’s confidence.