Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

What to Check First Before Buying an Investment Property for Rental Purposes?
If you are considering purchasing a property and then renting it out you must first check with the HOA to ensure that there are no restrictions?
These restrictions are very common with condo developments, often they will restrict the number of units that can be rented, or may not allow any rentals.
These rules are often implemented by an HOA for a number of reasons. For a start, people often feel it’s not desirable to live in a place which contains too many rentals. But the main reason is to do with FHA Condo loan restrictions which dictate that if too many units are rented in a development, it cannot be an FHA approved project, and therefore no FHA loans can be used for mortgages. This is obviously not very desirable, because it reduces the number of potential buyers, and makes it difficult for condo owners to sell their unit.
While people may be aware of the condo restrictions imposed by HOA’s, often buyers do not consider similar rules imposed by single family home developments. Almost all modern developments have some sort of HOA, and can potentially impose similar rental restrictions. These restrictions are becoming even more common with the advent of companies like Airbnb ... more

__________________________________________________
Are you on The Rain? Grow Your Network!