Some HOA's are super strict (especially in neighborhoods built in 2010 and newer) and some have zero regulations.

But strictly going by the numbers, it's borderline OK, depending on the type of market.

They wanted upgrades to electrical panel that was upgraded in 2009 to current code  (arc fault breakers) they said they would walk , I said good bye . 

Depending on the zip code I was wondering could I gamble with them on a fix and flip or brrr.

Consider having a lock that can be easily rekeyed or a pin code enabled lock such that you can easily change things, especially after a drama filled hissy fit where one tenant suddenly leaves out of anger/frustration.8.

Winning their trust and saying that you're licensed and follow a code of ethics, unlike investors and others that may want to buy your home directly (they don't know the terms wholesalers).

They are also looking for code issues and other hazards which hopefully you are compliant with no matter what. 

- You can find this out by going to Zillow, selecting your Zip code or Neighborhood, and looking at current rental listings.

you choose one pay for it and they provide them.What I found out is they just send over the plans with no updates to current codes so we submit then and get check sheets sometimes 3 or 4 and takes 90 days to get approved instead of them understanding the new codes updating the plans before giving them to us.And to be fair to the architect we can send in the same plans and depends on which examiner gets them some will fly through others come back with check sheets that an examiner frustration issue.

At best it sounds like you broke even and made the money strictly through principal paydown with no appreciation above your costs unless you had some pretty good cash flow.