I recently dodged a bullet when I realized odd payments on the ledger.

Nonetheless, it also carries certain risks such as nonpayment, restricted liquidity, and potential legal intricacies.

This will reveal any liens, easements, or restrictions that could affect your ownership rights.

It's very expensive, has horrible traffic on restrictive roads due to the geography, but is very beautiful, not much snow, milder temperature swings, great hiking and outdoor activities such as 4x4 or hot air balloon tours - very touristy.  

I’m not familiar with any sort of restriction on how many students are allowed to live in each property, but for obvious reasons should use number of rooms as a guideline.

Unless, like Bill suggested, there is some kind of local restriction on the property usage that you have been unknowingly violating.

I like to research and pick individual stocks to add to my portfolio, despite my knowing all the academic research that says only 3.9% of all stocks in US history produced 100% of the stock markets gain since 1801 (Hendrik Bessimbinder Arizona State 2016) and what are the odds that I can pick those few stocks in advance?

@Grace SantosThat seems odd, but I also think the appraisal and lending world are always five years behind on these things.

My general assessments (this year) so far are, most HOAs are not rental investor friendly or have too many restrictions, costs etc. - way too may issues renting, updates, policies, rules, repairs etc.

These institutions may have less restrictive membership requirements compared to local credit unions.