While I understand regulations may vary by condo association, I'm also wondering if there are general restrictions on operating Airbnb in the area. 

The most I think it can get you is 30, and this would need to be a nice job and good ceiling height. 

Currently the only city in Skagit county with restrictions on STRs is Anacortes.

I inadvertently restricted who could reply....so that not even I could reply to my own post.)

It's not just about Freddie and Fannie rules, they probably also have some overlays as well that are more restrictive. 

I did so because at the time to purchase the property was about half the cost of renting, and there were no STR regulations in Curry County or really beyond..I recognized early that the regulations that quickly developed to restrict my BNB business in Los Angeles were likely to reach other areas and by being ahead of the curve, could own a long term vacation rental, in a land I wanted to be anyway, before there were rules that would prevent that goal. 

Majority of investors do have minimal loan restrictions of 250k and above. 

Refinance lender was ok and I'm actually using them again for a house hack but I don't think they'll be a top of my list for another BRRR refinance due to their restrictions.

Like my colleague said - there are some restrictions with trying to obtain another fha loan when you have an existing one in place.  

I actually joined the board to get the rental restrictions changed in the neighborhood.