This post does not create a CPA-Client relationship.

I have a client that bought a condo to rent after living there and the HOA ended up outlawing rentals.

This skill will come in handy when your clients are freaking out and stressed.

But, they will be in challenging parts of town where realistically you do not want to own property and your long-run returns will under-perform.I'd encourage you to find a balance of sub-market growth, nearby employment, strong income, and only then a good rent-to-value ratio. 

If local options aren't a fit, expand your search to other markets with strong rental demand.

Next, I tend to recommend that clients stay away from inflated HOA fees.

Option D: you are considered a "disqualified person" to your IRA and as such are prohibited from engaging in any transaction in an IRA or receiving any benefits from the IRA (directly or indirectly), therefore I strongly suggest you avoid this option if you wish to stay out of trouble. 

What I wrote above does not create an attorney/client relationship between us.

Management would be self-managed, as in this example it would be a client's first rental buy and hold.

I knew that was not true because I had paid $780 a couple months before on a property in the same area and also my realtor told me that her clients had been paying that lower rate.