HOA can be too restrictive and can change the ruled on you and add even more fees.I would steer clear of HOA properties.

Perhaps a family member, who owns real estate can partner with you to get around the first time buyer restrictions with DSCR lenders.

Common locations for supply lines to fail are where male threaded galvanized pipe is threaded into brass or copper valve and fitting bodies  (due to galvanic corrosion)  and hot water lines will rust up so badly as to start restricting water flow or begin leaking a decade or two before the cold side fails similarly.   

I'm open to STR (lots of restrictions with these in NOLA) and MTR's but have no experience with either. 

DO NOT, however, fall into a calendar trap; buy because the math is right, not because you want to keep up some self-imposed pace of expansion and it’s been X days since your last deal.  

I would happily give limited and restricted access to renters and not bother. 

As of now Costa-Hawkins prohibits rent controls between tenants (is that restriction ends as tenant leaves) in California.

Ask them the requirements for a permanent or temporary residence and any short term (less than 30 days) or long term rental restrictions. 

Post Marketing Checks: Check for deed restrictions, perc test, survey, and title.

Any deed of trust or mortgage document that had these restrictions would be in violation of basic constitutional rights.All the mortgage instrument says is that IF a property is transferred, then the note holder has the right to accelerate the note.