Condo: Condos may offer maintenance benefits, while homes provide more control.Size and Layout: Ensure the property accommodates your child’s needs and potential roommates.HOA Fees and Rules: If considering a condo, check for restrictions that may impact student living.4.

Hey @Jonathan Vinas, @JD Martin hit the nail on the head.You are better off looking in areas with no restrictions if you can.I will say that some of the restrictions might be able to manage.

One thing I continue to think about is how valuable 2-4 unit properties are becoming, and will continue to be, since Fannie/Freddie took the income restrictions from the 5% down conventional loan option for house hackers. 

If your client is planning to use a loan to purchase the portfolio, they should be aware that many lenders include prepayment penalties or restrictions when properties in a portfolio are sold off individually.

Important things to look for: if you want to STR (you will make more this way) then no rental restrictions, if you plan to MTR, 30 day min works, anything longer doesn't.

@Jay Hinrichs yes Maui did the same thing after the Lahaina fire, and you're also right that Santa Rosa had no such restrictions. 

Unlike some states with strict rent control and tenant protections, Memphis offers a straightforward eviction process and fewer restrictions.

If we become heavily restricted, what chance does the rest of the DMV have to get their own regulations that make sense?

@Ricky Hernandez  We bought in two different communities that had no rental restrictions then later imposed cap of 10% rentals. 

Many of them now have very restrictive permitting requirements.However, I have a real soft spot to Edisto Beach.