What I've seen before is the only time rules are enforced are when neighbors get pissed (ie STR neighbors).I would side with caution on this, especially if it is a newer built community where the rules are fresh with people. 

I rarely see ledger boards secured and flashed properly as one example.

Make sure utilities are available, and that you have tap fees included in your estimate, as well as engineering (site plan), architectural plan, and other bits you might need to consider for your market (landscaping and costs of sale, for example).

For example, in Michigan those additional expenses would include revenue stamps owing for two closings. 

For example, one municipality local to me requires a sewer inspection because some houses still have gutter downspouts tied into the sewer system which is improper.

For example, I looked at one tri-plex that had recently been remodeled with two units being 2/2 @1000 sq feet renting for $2,000 per unit and the third being a 2/1 renting for $1750 asking price of $850K. 

And for example there was a Crowd Street deal (Nightingle) where the sponsor omitted losses from their claimed track record (and ultimately was fraud...they never even bought the claimed property).And there appeared to be some difficulty or confusion with obtaining the full and complete track record ( including both realized and unrealized deals).

Are you going to use it....hunt it, camp on it, farm it, mine it, or what.Many of these I see like in Hudspeth county for example are probably nothing but a headache, not an investment.

For example, I would place one in the game room if it is located on the opposite end of the hallway from the bathroom.

For example we had a group coming to stay for a wedding but after booking realized that it was almost 40 miles downlake from town.