The provided a really nice place to live for significantly cheaper than renting a run down rental in a bad area.

Fast forward to today and one of those existing STR's has become a nuisance to the neighborhood and so the HOA board is planning to ban all STR's using what they believe are provisions in the CC&Rs to justify it and have consulted an attorney to validate the legal standing on implementing this ban.The CC&Rs were written in 1998 (before STR's was even a thing) and have these sections being cited by a couple members of the board as justification for banning the rentals (note there is not anything explicit about STR's in the documents)Section 1 – Single Family Residential – states in part, “… Lots… shall be used for no purpose other than residential purposes.”

Nice! 

(TL;DR version: wholesaler from NYC got a property in Mississippi under contract, then ended up helping a scammer with a fake title company steal $10k earnest money from a buyer (according to what was written in the thread of course, I have no firsthand knowledge of what occurred).

Give them 24 hour, written notice that it is happening and do what you need to do. 

In the area where I want to purchase; house is in the $400K for OK house, nice one is $500K in orlando Fl area.

It's definitely nice to have a paid off rental.

Nice to hear your son is also getting into the rehabbing thats amazing for that age!

It would be nice if the SEC or the Texas Attorney General proposed some legal remedies. 

It’s a nice place and I hope to rent it out weekly from time to time to help cover the mortgage ($1,850/mo w/ taxes, etc.)I just found out from a personal conversation with the owner that a Lake House down the road will be going for sale and I was given the option to buy it off market.