It would be a separate transaction, which means you are closing two loans and have two closing costs.

I think there is a good opportunity for value add to this property, so my question is  since most HOA's, for the most part also NPO's is it possible to "buy" a HOA, or would the transaction have to be a land purchase and would I have to create a new HOA? 

For regular transactions you can use any title company you like.

I ran into a situation where the seller was approved by Hoa to rent the unit but i was denied after closing the transaction.

I am completing a video that will walk you through the anatomy of a commercial real estate project in the form of a Multifamily value add transaction and send that along as soon as I it’s done.Wishing you the best success

I would recommend checking if your bank, or any other bank, will allow you to do a HELOC or do cross collateralization on the equity in your home first.

@Ashley Cross, thanks for this!

What is the best way to fund this super-expensive repair without just writing a check and then, crossing fingers that the insurance company will pay up? 

If it is any you are going to warn me to make sure I have reserves, wait until I have reserves, more consistent income, etc, I am currently doing 3/4 transactions a month and I am more than confident that I will further ramp this up.

I went there and they stood watching with their arms crossed as I needed to call a professional.