My boyfriend and I each own a 1BR condo and we are trying to move in together but unfortunately don’t have the option to rent our places due to HOA restrictions.

These rules restrict the amount of passive activity losses that can be deducted against other income for taxpayers with high incomes.Form 8582 is used to calculate and report passive activity losses and credits.

Initially, I aimed to leverage platforms like Airbnb during away series, but encountered restrictions due to the HOAs regulations, prohibiting rentals for less than 30 days.

The biggest obstacle here is not City zoning or ordinances (many have even addressed it yet) but the local Home Owners Associations who have put minimum restrictions on home sizes.  1000 sqft is one of the smallest, 1200 sqft is the average I've seen in my area.  

Also, they can change the terms of rent control once imposed.

While I know alot about short sales (and basically did many before they were ever called shorts sales with regualted restrictions) you don't see me picking at any Realtor or investor who does them.

If you’re planning to focus on STR’s in Philadelphia, it’s important to understand the restrictive zoning and impact on STR’s. 

I agree that banks can be a bit overbearing sometimes, but there is should be some tighter restrictions on the daisy-chaining of these properties, sub-to, seller financing, etc. 

In the future, require vet record showing age, breed, and proof of required shots as part of pet addendum, proving not a restricted breed.

They move much faster than traditional banks and usually have fewer restrictions for qualifying.