I am going through the regulations and restrictions in that place (not a closed community but there are some rules).

The city just passed a very confusing zoning regulation restricting student housing to a specific area, and we're all trying to figure out what the fallout will be.

We can't HELOC due to TX regulations and cash out refinance doesn't make sense with interest rates.

This question is most likely best for a lawyer familiar with local regulations and code.

Thanks for the replies - going to try a different number first, then I'll be at my property this afternoon to work on my empty unit so I can try knocking on the door myself.locally we have a 5 day notice for non-payment as well, I'm definitely trying to stay ahead of the curve on my local regulations, great call-out!.

I admittedly have a bias against condos for the following reasons:1) HOAs - both a lack of control over fees and assessments, as well as potential regulation changes2) they don’t appreciate as much3) you have to work a lot harder to differentiate yourself from your neighbors. 

I want to ensure I’m saving appropriately for a down payment and that the property will generate enough income to cover all related costs.Any insights or recommendations would be greatly appreciated.Thank you!

Bottom line these are NOT federally regulated or state regulated loans.. they who have the gold make the rules.

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

Its certainly not appropriate for 99% of the viewers on BP that are primarily interest in either rental property long term or fix and flip short term.