If the covenant specifically prohibits renting out rooms or STRs, you may be restricted from doing so.You should carefully review the covenants tied to your property to understand the specific restrictions.

Instead of lawn care, you have snow removal. 

Be careful about using your current home equity as a down payment on another property.

If you are taking care of things, any punitive damages would zero or very small.

I know they've been around for quite a while, and I'm wondering if anyone would be willing to share their experiences they have had dealing with them, either as an investor or a borrower.

And having done this for a long time, it is the rare renter that cares about the land.

I was wondering if anyone here other than me was even aware of this new legislation and if anyone was working on anything like this.

If they find out, they can get really intrusive and they do not care about your circumstance.

However it is a homestead loan so I’m wondering if that changes anything.

I wouldn't have to wait longer to prove my income on something that price.However, I'm wondering if it's a good investment or, like someone told me, "if house prices are that low, you'll likely be in a poor area and not have great tenants."