The large banks will often have their own overlays which are more restrictive than the pure fha regulations.  

In my opinion much more restrictive flood zone code devalues these properties as it will seriously preclude investors from continuing to improve properties and make additions such as garage apartments due to additional cost in building and lot prep. 

I would also be bound by certain rules imposed by the local real estate board.

Account ClosedGenerally yes but it depends if there are other investors in the same fund or not, and some member/ownership percentage restrictions could come into play.

Go to the forum on "mobilehomeuniversity.com"You will find plenty of information over there on council decisions and the legality of restricting existing communities.

For those of you who own properties in HOA's, has anyone had experience with a "lease maintenance fee" imposed by the HOA?  

Also important to note that certain areas may have restrictions on vacation rentals.

If she choose to reinvest the money in RE, she would not have the time deadlines imposed by a 1031 exchange.Good luck.

LVR restrictions on any property that is not your home, very low yields, high building costs, median house price in AKL that is over $850k.No building depreciation, and government that is introducing pro tenants laws... 

The restrictions are on the identification and valuation (i know that's strange).