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I would check this association which looks at managers of homeowner's associations. I know our management company is a member. That membership and our access to their website was the only criteria for which I asked when we went out on bid.

This page deals with some basic issues of governance.

This also gives you some tips:

Very good managers are often certified. Look at the criteria.

I didn't see where you are from, but a call to a similar-sized community and it's manager might help. At the very least they might give you the name of their insurer. I wouldn't be a board member without Director's and Officer's insurance. The need often may be capped within each state. There are many regulations that vary by state. An insurance broker who provides this insurance regularly might also help.

FWIW our community has 158 homes and a management company. How you would do that yourself with 4,000 is unimaginable to me. Retired volunteers with LOTS of time on their hands ... often the bane of good governance. If their going to be managers and workers retired volunteers need to be treated like unpaid employees.

PS: When you moved in your lawyer should have reviewed your homeowner's documents. If there are serious deficiencies he should have noted something.

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