There are lots of rules & regulations on who you can solicit from and how to solicit that you will have to become familiar with. 

With all the new regulations about HVAC motors and new freon requirements, and the certain likelihood of outrageous service calls.....why not just install window units in each room?

I want to use the property as a vacation home and rent my property out when I’m not using it. but I need it to be month to month and every single property I’ve put a offer on  which is 5   I have to cancel because when I read the rules and regulations in the CC&R’s the home must be rented out for at least  6 months!

Regulation and permit or license-ability will be critical.

I find it beneficial to communicate my screening criteria to potential clients before they arrange a viewing or submit an application.It is useful to directly verify information with employers and landlords.Make sure to follow both your state regulations and the Fair Housing Act.

Plus as I dug into it I decided the last thing I wanted to do was play with owner occ notes and all the regulations surrounding that space..

In my state, HOAs don't have the legal right to regulate property use.

Building on a lake requires experience with the locale and building regulations.

For the reasons previously mentioned.The closing attorney did not answer the question I had about what to do if an investor buys using Subject To, sells on a wrap and there is no equity (as you rightfully say, the current crop of investors believe to be okay to do) We shall see as they fail, in Subject To's that are bought over leveraged, or sold on wraps, what course of action the investors will attempt, in order to try to avoid the DOS and what response the regulators will have.

Check local and state regulations and what might be coming soon for building standards and regulations for a RCFE.