Ask the builder or their legal representative for a copy of the CC&Rs (Covenants, Conditions, and Restrictions) or any supplemental documents specific to the development.Financing Considerations: If you’re financing the property, some loan types have limitations on renting out a home within the first year.

@Eric Helena, There is no statutory prohibition against purchasing from a related party to complete a 1031 exchange. 

- FYI: it's only illegal to try to rent it out, the property owner can usually legally live in a nonconforming basement unit.If you do all this you may still negatively cashflow each month, so make sure your income can cover and/or your cash reserves.If you do this successfully, you will learn more in 1-2 years than you would reading here on BP for 5+ years:)Good luck:)

If you don't sign the contract and hire that agent, then they legally shouldn't be working for you.

The hard and the fun part is training my team there in the proper processes from planting all the way through selling.  

Challenge: It's in a neighborhood (no HOA), and renting the entire property (sleeps 25 in total) caused problems in the neighborhood, due to noise and parties – so we only rent the separate cabins now.

Median household income can be an indication of the area.It's not feasible to manage D-class remotely or with 3rd party management and make a profit.

The second part is very personal and different for everyone. 

If a guest stays for one week in July, the owner can't legally rent to another guest until August and must leave their unit vacant for three weeks.

This used to be a near-impossible task for a company like BiggerPockets, but technology and 3rd party solutions are getting better.