While Limited Lodging is a permissible accessory use to Household Living, it is not permissible unless (i) the unit is the primary tenant's principal residence and (ii) the tenant lives in the unit for more than 6 months.

We have many beach condominium options in Orange Beach/Gulf Shores that qualify as a second home investment with programs with as low as 10% down, so you don't always have to come up with the larger down payment, but some buyers choose to go with a higher down payment to get a better rate. 

You can dissolve or terminate the condominium. https://law.lis.virginia.gov/vacode/title55.1/chapter19/sect....I recommend carefully evaluating whether the zoning will support your new structure PRIOR to doing so.

However, I’ve never bought a condominium apartment that’s being sold in pieces (IE. 40 out of 220 units). 

I like the idea of helping people get into housing and really it is hard for a lot of single people or 1 income households to afford housing. 

https://www.har.com/content/department/mlsHouston Real Estate Highlights in January, 2024:-Single-family home sales rose 9.0 percent year-over-year, the second increase in two years;-Days on Market (DOM) for single-family homes went from 60 to 58 days;-Total property sales rose 6.9 percent with 6,098 units sold;-Total dollar volume was up 11.9 percent to $2.3 billion;-The single-family median price rose 2.1 percent to $320,500;-The single-family average price rose 2.7 percent to $391,080, the first time that figure has been below $400,000 since last February; -Single-family home months of inventory registered a 3.3-months supply, up from 2.6 months a year earlier;-Townhome/condominium sales continue the declines that prevailed all through 2023, falling 4.0 percent, with the median price up 14.1 percent to $223,000 and the average price up 7.0 percent to $247,437.

Toledo's population has shrunk over 5% in the last 10 years, It has a median household income of only $39,155 vs $67,521, a poverty rate of over 25% and a higher than average unemployment rate, lower labor participation rate and lower job growth rate than average. 

An HOA is an organization in a subdivision, planned community, or condominium that makes and enforces rules for the properties and their residents.

Like other mid-term rentals, I assume you will supply all furniture and kitchen/household equipment? 

B-class rental property criteria: Major airport within 50 miles, Population of least 150k in the MSA, Zip code has: Household income of $30k or greater, 100-250k median home value, last 10 years the population growth is greater than zero (no declining populations) and forcasted population growth is greater than zero.