(Google Florida condo special assessments)  And, you are correct, the HOA can impose numerous limitations that prevent it from being a good investment.

Limited space for expansion ensures a housing shortage, driving up property values and rents.

@Erik Estrada The purchase and rehab was over $260k, I guess I am limited by how much of a loan I can get depending on how much the property appraises for.

Quote from @Michael Peters: Yes, you can limit occupancy based on the capacity of the property.

@Sara Valentine There is a fine line and limited scope within which you can ask reasonable questions to identify the service animal as a true service animal.

this is in our lease regarding prohibited conduct, aka violation of the lease, "criminal conduct, regardless of whether or where arrest or conviction occurs, including but not limited to: manufacturing, delivering, or possessing a controlled substance or drug paraphernalia; engaging in or threatening violence; possessing a weapon prohibited by law; discharging a firearm in the apartment community; or, except when allowed by law, displaying or possessing a gun, knife, or other weapon in the common area, or in a way that may alarm others"I'm no lawyer but the person who wrote this lease is a lawyer, "regardless of whether or where arrest or conviction occurs" leads me to believe that suspicion of illegal activity is enough.

I have too many questions for one post, so keeping this post broad and will ask more specific questions in the coming weeks/months.I have a good 6-figure job and some limited real estate investing experience (own one short term rental in the Denver area and recently Airbnb'ed a second property under the rental arbitrage model). 

@Levi SiegelVery limited info, so can't be all that much help here. 

Hi Gerald,As you may have encountered, options for short term bridge for less than 100k is limited.

I had heard about the 180 day limit, but it reads consecutive days so are you limited to just a 180 days total?