Do you plan to live there forever?

Only poor planning.

Respectfully, Jacob, if you buy in to a deed restricted community, knowing the community does not want AirBNBs and plan to circumvent the publicly available rules to put a STR in there anyway - that's dishonest. 

Might be a lower commission if it was part of a larger package deal (like using your McDonalds reference, planning to sell many little things that add up to a lot).

I only use it for my personal stuff, and exclude anything that has to do with my rentals, which I'm assuming would be the plan for yourself.

Weighing the option of fixed vs. arm right now, I would determine how long you plan to have this as your primary residence. 

Some of the types of products I am seeing labeled as build for rent include elements of the following or these developments are currently incorporating product labeled BFR: Suburban tract built home communities attached and detached townhome communitiesmaster planned communitiesmixed use communities cottage style home communities urban infill communitiespatio style home communitiesnew modernism and new urbanism neighborhoodsstick built small home communities horizontal apartment home communities with greater green space and more community programmingLet's catch up at some point to discuss further.

We plan to have designated broker-officers to facilitate transactions and referrals on behalf of our entity.

My wife and I are planning to move back to Texas and Tyler has us excited in terms of investing.

I’d look at it another way figure out where you want to live and than figure out if house hacking is a way to afford that area and if you have a long term plan to afford that place with at most one roommate, you will find it hard to break even much less make money house hacking anywhere in the region so may as well buy in a place you want to be long term, if your not ready to commit at least medium term, rent.