What does winning or losing a contract to paint in an association or pressure washing and staining have to do with how well an association is run. Contractors who win the bid will be happy and the ones that lose will be unhappy.
I think the OP wants to know things like forum members "brk-lnt" and "Red apple" have stated. They have first hand experience because they own property there.
Read the covenants, restrictions, easements, by-laws, and rules & regulations real well. If you can live with all of those things being imposed on you then go for it.
There is no way that I would be able to have such restrictions on my freedom and way of living. Not only that but you pay to have these imposed on you.
Read these real thoroughly:
http://southdownshores.businesscatal...aspx?ID=109973
http://southdownshores.businesscatal...aspx?ID=147558