Rent Restricted Properties

[Sam Leon]

Looking at some properties in a community that does not allow rental during the first year.

That basically makes it a buy/flip. I prefer to buy and hold to rent.

Any creative ideas on any way to avoid the property from sitting idle?

If it's a short sale, would renting back to the seller - basically allowing them to stay beyond the sale date be "within the rules"?

I am pretty sure the answer is no...I just wanted to make sure.

[Steve Babiak]

"Contract for deed", "land contract", "installment sale" - whatever is used in that area would have been the way to "rent" without it being a "rental property". The SAFE Act makes that a bit trickier these days.

This did come up in another recent discussion, courtesy of Bill Gulley:
http://www.biggerpockets.com/forums/52/topics/93062?page=1#p580339