After about 2 weeks I took off the pet restriction because I read other reviews that highly encouraged it.

The downside is that my profits are severely restricted compared to outside syndications. 

Mid term rentals however are another viable strategy for the area should further restrictions come into play.

Quote from @Tenzing Palmo: Hello I’m looking for my first investment property in Dallas Texas, I live in nyc so I don’t The trick with new construction in many of the growth cities is that don't allow rentals in the HOAs or have super restrictions. 

It’s about resilience, resourcefulness, and taking steps forward, even when the odds feel stacked against you. 

It'll restrict that cash flow, but unlock a nice option for the family.

This can give you the flexibility to fund your flip without the restrictions of a HELOC.

Being that your tenants are month to month does provide some relief for the new owner in terms of being less restricted on raising rent and/or replacing the tenants.

In Canada, for example, the average mortgage term is 5-years, so every 5-years you renew your mortgage and have the opportunity to pay down as much as you would like (if you wanted to pay more than the payment restrictions of a fixed-rate mortgage).If you want to pay down your mortgage more quickly and cannot afford to increase your payment, simply switching from the default monthly mortgage payment to accelerated bi-weekly payments will reduce your amortization by ~12% (the extra payment per year from the accelerated part) and reduce the overall interest paid by slightly more (~14%).Naturally, if you increase the bi-weekly payment, you will pay down the mortgage more quickly.  

In the meantime I will continue the search for a new PMC and talk to our lawyer with the intent of filing a suit since odds are it will be needed.