Communities have very tight short term rental restrictions, making it very difficult to find properties, and then if tomorrow the zoning changes, you might go from positive cashflow to nothing, since the laws on short-term rentals are so volatile and different across the country.5.

I do know that Palm Springs has restrictions that need to be navigated.A nice lake house will usually do well.

If the HOA decides to ban rentals or restrict lease length, you're out of luck.

Avoid anything that makes you look like a difficult seller, such as showing restrictions, or other conditions.The purpose of the remarks is to make people want to view the property.

Are there building restrictions?  

Homelessness and higher rents follow due to the restricted supply making things worse. 

For a fix-and-flip scenario your max loan amount would be based off your experience and can go as high as a % or purchase although it is more common to get 90% as the loan size is typically restricted by the percentage of the ARV for that program.

HOAs can limit your ability to rent the unit too so you'd need to scrutinize the HOA bylaws to see if rentals are allowed or if there are any restrictions on rentals such as owners can only lease their unit for a max of 1 year etc..

She must also check with her mortgage lender and insurance provider to ensure no restrictions and update her insurance to cover the risks of short-term rentals.

You may need more than one as some lenders may have restrictions on where they lend2.