No HOA and easier financing than condos.

HOAs also can change the cashflow of a property.

q=f8z5B-7KWMortgage DetailsHome value:$495,000Down payment:20.00%Loan amount:$396,000Interest rate:6.10%Loan term:30 yearsStart date:Aug, 2024Property tax:$6,000.00PMI:0.50%Yearly Home Insurance:$3,000Monthly HOA Fee:$0BalancePaymentsTaxes & FeesInterestPrincipalBalance20242029203420392044204920540150k300k450k015k30k45k Mortgage Repayment Summary$3,149.74Monthly PaymentPMInot required$99,000.00Down payment amount20.00%Down payment %Jul, 2054Loan pay-off date$467,906.17Total Interest Paid$500.00Monthly Tax Paid$180,000.00Total Tax Paid$250.00Monthly Home Insurance$90,000.00Total Home Insurance$37,796.87Annual Payment Amount$1,133,906.17Total of 360 Payments

I have a property in Florida where the HOA is responsible for maintenance and repair of all parts of the building outside of my unit walls, including the roof.

I manage all properties myself plus I'm HOA president at the 5 unit condo. 

You'd have particular HOA's and condo associations that will have rules/regs. 

You are probably ok with any reasonable rule especially if you can point to a HOA, county, state or even a the Humane Society guideline.   

For you investors that have rentals in an HOA.

My HOA only allows one pet but my tenants have a service dog and 2 ESAs and the HOA accepted them.

(Google Florida condo special assessments)  And, you are correct, the HOA can impose numerous limitations that prevent it from being a good investment.