I used my secondary VA for a bigger house, only restriction was it had to be 144k.

Many factors can make a condo non-warrantable and restrict your loan options.

It is the Land Bank's mission to clean this up.In order to accomplish these goals, the Lank Bank has restrictions and qualifications on who buys their homes.  

Good point about the regulations as I don't believe the city would outright ban short term rentals, but would rather impose a tax on it. 

There are a number of laws and restrictions solely related to lending that you want to adhere to in order to stay out of hot water. 

There may be some special restrictions on rental units.From that perspective, they're not necessarily bad.

@Raj PatIf you need a referral PM me for one locally; however, I suggest not restricting yourself to someone local.You definitely need someone qualified, does not have to be a CPA, could be an Enrolled Agent or an attorney.

I'd tell them I need to start showing it (restricted showing times) 60 days before moveout, and give them back their deposit when they move out.What goes around, comes around.

@Robert OmbresNearly all insurance carriers publish a "restricted breed list" - these days, regardless of the Association's policy, if you have a breed on this list, it puts the association (you) at risk.

We have 3 now and I really don't understand the mechanics of owning more than the limit imposed by lenders.Any advice will be appreciated.Thanks in advance,Cheryl and Jack