When HOAs attack -- changing rules and owning rental properties

[Paul Vail]

Hello -- this is my first post on BP.  I've just recently begun a real estate investment education, with the plan to partner with more experienced folks in my area to learn.  Ultimately, my plan is to go for passive income sources with some buy/holds.   Just as I start looking for properties, this news item crops up today:

https://www.cbs17.com/news/loc...

For those who may not want to go to the link, or the link goes stale, a residential development in my area went through a HOA change-of-mgmt, from the developer to a different composition of Board members. Their first decision for this established neighborhood (2006) was to enforce a rule that has largely been ignored for 15 years -- to disallow rentals in the development. There are well over 100 renters in the townhouse complex. Renters will have to leave by this upcoming mid-summer.

If this is allowed to stand, the units would be for a very different market for investors, negating not just long-term rental landlords (like my aspirations), but conceivably AirBNB-like models.    Has anyone here had to deal with this kind of change in rule enforcement?   What were your experiences as an investor?    Thanks!