Disadvantages to REO townhomes?

[Jazmine S.]

I have been sticking to looking at strictly SFH REOs because that is what I feel most comfortable with (aka have done the most research for), however I continue to get tempted into a possible townhome deal, or at least look closer into them.

Is the major disadvantage dealing with association regulations? What's the best way to obtain all of the rules you would need to know? Does this affect your permitting ability?