DEED RESTRICTED HOMES

[Keith Ralleca]

Hey guys, 

I was wondering if anyone has experience with deed restricted homes? This particular one is for affordable housing. I guess the state maintains its affordability upon sale therefore putting a restriction on the deed. 

I have the opportunity to visit and look for possible purchase. The way I see it, it sort of like savings account without interest. I could be paying the same as what I'm paying for rent now. No idea about the neighborhood but, I just don't want to pass on it without giving it a chance. 

Any tips or strategies? Thanks!