Minkow was initially unconcerned, since he had prevailed before in similar cases on free speech grounds.[28] According to court records, Minkow had shorted Lennar stock, buying $20,000 worth of options in a bet that the stock would fall.[40] Even more seriously, he also bought Lennar stock after his FDI report, believing the stock would rebound after its dramatic plunge.[41] Minkow initially denied doing this, only to be forced to recant when confronted with trading records.

Personally, I wouldn't spend money on an attorney because 1) I think the covenants/restrictions can sensibly be used against STRs and 2) because the HOA potentially has deep pockets if the officers decide to fight because they can pass the cost of the fight to the home owners.I would reach out to the officers to get their sentiments and to plead my case, and I would start building my case with the other homeowners. 

Initially we didn't charge for the POF, but the number of calls & requests we received became overwhelming so we started to charge a nominal fee fixed fee.  

You really need to retain separate counsel to answer your questions, but since you asked: it's hard to render an informed opinion without seeing all the documents in the chain, the pleadings and the coverage letter provided to you by the insurer. 

My job as a real estate agent would be easy, if it were not for the people involved..A few years ago I had a client who canceled every deal over inspection issues and a week later plead that he was overreacting and wanted another shot. 

Read my initial post in this thread about the poor relation of initial cash flow to actual cash flow.  

So overall a good area, but I was just trying to think through being in a development of SFHs where all the units are rentals (at least initially).

When the initial tenant broke the lease (after not paying rent for a month and a half) the PM advised me to lower the rent instead of raising it as advertised in the initial proforma.2.

But I actually wonder if these programs go away, after the initial pain, the long term result is likely to be positive - a great increase in the number of 2-parent households.

That, too, was my initial game plan going into real estate investing to build a portfolio and have the money come in.