As the HOA can require their policies be incorporated into Leases, which the Renter signs, and the Renter and owner could co-sign the pool access agreement to get the access card, this logic seems a little light.Anyone have experience with this restriction and have any ideas of ways the HOA can allow renters access while still acting to mitigate the financial/liability risk of allowing renters' guests and reservations that is somehow different from an owners' risk?

Is there any way to mitigate the property tax burden, or are there areas with lower taxes?

I would recommend a property like this to someone that is planning to leverage a low down payment by house hacking to mitigate their cost of living. 

That helps mitigate frustrations from prospective new tenants if there are delays in the renovations.

Yes I will have to get over my fear of OOS investing; trying to educate myself ways / system to mitigate that.

Yes, because it's a house in a HCOL area, turn over costs can be significant, so trying to mitigate this.  

@Ryan Spearman I have definitely thought about it as a way to mitigate risk.

Nope, but at least you can mitigate that risk and be in this business long-term. 

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

We are trying to mitigate the potential that we drop the foreclosure, re-write the note, receive one payment, and are back at square one when they default.My original plan was to ask them to consent to judgment, and potentially execute a lease.