But their policy confuses me regarding refinancing (I assume BRRR play is prohibited and reached out to them too) I need to somehow calculate if the money saved is worth the velocity and freedom lost in being able to buy when and where I want and buy in the way that will make the best ROI.

Keep in mind even if the housing community doesn't expressly prohibit the use, it doesn't mean the municipality allows it, so you should check with the municipality as well since many across the country are moving to prohibit the use.

But of course, living in Pueblo would present issues commuting to work and also, from what I've seen and read about, possesses less potential for growth, has higher crime, and will demand lower rents.I'd love to get a MFH  but they're prohibitively expensive in CS and I don't want to get over-leveraged for one, assuming I could even qualify. 

(Oregon Landlord Tenant Law prohibits a seller from giving the tenant a vacate notice for a buyer to move in.

Have you ever seen a county, city, or zip as a whole prohibit mailing?

Owner shall pay, except as provided elsewhere in thisAgreement, all expenses incurred by the Agent, including, but not limited to, reasonable attorney’s fees and Agent’s costs andtime in connection with any claim, proceeding, or suit involving an alleged violation by the Agent or Owner, or both, of any lawpertaining to fair employment, fair credit reporting, environmental protection, rent control, taxes, or fair housing, including, butnot limited to, any law prohibiting, or making illegal, discrimination on the basis of race, sex, creed, color, religion, national origin,age, marital status, or mental or physical handicap, provided, however, that the Owner shall not be responsible to the Agent forany expenses in the event that Agent is finally adjudicated to have personally, and not in a representative capacity, violated anysuch law, unless such acts and or omissions are outside the course and scope of Agent’s duties hereunder.

On the issue of Airbnb laws in Colorado ...In every instance where a Colorado city or county had a permitting process for investment short-term rentals and then changed and passed an ordinance prohibiting non-owner occupied STRs, the existing STR permit-holders were grandfathered in. 

They are as conservative as they come, yet they won't raise the rent because they feel sorry for the people that are in the units, and one of them (the husband) is bitter now and wants to sell all the rentals because they aren't making any money and costs are getting prohibitive.

Also, if you haven't already, make sure zoning laws allow for that use, and that there is no code provision that prohibits a certain number of unrelated individuals to live in a single residence.

Our homes were in Lake Tahoe area so building there is extremely cost prohibitive due to poor service contractors, high and slow permitting processes and extreme environmental regulations.