If we implement his plan, the one unit will have three tenants:1.

I’m wondering...(1) If the association decides to implement a no renters policy and I already have the tenants in the unit, am I protected under a ‘grandfather’ situation, or could they force my tenants out?

Having said, it depends on what your strategy is.If you implement the BRRRR strategy (look it up if you are unsure what is), you can get that type of return.But if you are looking for a  turnkey property to rent out, it will be very difficult to get a 15% CoC return in my opinion.

Know what your next step is if they refuse to comply and be prepared to implement it immediately.

In the near future, I would like to get involved with flipping properties and implementing the BRRRR strategy.

I am looking forward to implementing what I gain here this year and increasing our cashflow while becoming more financially free. 

This is a value add play, which incorporates a bit of a flip strategy, but still allows you to have income while you implement your plan.

Personally, I am looking to implement a similar strategy on a new build within a couple of years.

If anyone has any tips about networking and bird dogging for others i will gladly implement any advice given.

Generally speaking you would want something at least 75 units, so you can implement some quality full-time property management.