This increased demand and consumer spending during a time of extreme low supply, means prices go up.Remember, this is the third inflationary housing policy in as many months proposed by the federal government, all during an extended 3-year time period of high inflation, which is still near double the Federal Reserve’s target rate.

@Jose Henriquez Once you find the financing make sure you still have enough access to some form of reserve funds in case of emergency.

Upon running numbers I confirmed that it was indeed a sound investment.

If when you bought you got specific confirmation from someone on the board that it was okay - I've seen people win cases in that event.  

Thanks for confirming, that was exactly the assumption that I did with the other replies, the prices is also big for the investment size.

One comp is great, but I would look for another to confirm value. 

I can afford to put 20% down and still have a fair amount of cash reserves.

You would have to contact the current housing committee and fill out a rent adjustment form, if approved the portion between the housing committee and the tenant depends on what the tenants income and ability to pay and all of that will be listed on the confirmation

My BEST advice and the truest advice of any REAL estate professional is to confirm for yourself.

I do have reserves, but I have worked too hard improving this place to see the cashflow get ruined by this loan servicer.