I'm in the Arizona Real Estate market on a daily basis it's what I do.

Property is about $800,000 and looks like daily rate in summer is about $500 a night.

However, there are several endorsements to the policy that you might want to consider depending on the specifics of your transaction so I suggest you consult with a good real estate attorney who is familiar with title insurance coverage.  

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

Bids are opened daily Mon-Fri

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.

Once you have that you can bring it to an active and reputable investor or wholesaler and they can help you figure out if it's a deal; and if it's a deal they would work through the transaction with you.

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