If the government restricts the free market too much, there will likely be a private black market.

I'm assuming from your post that when you say "dealer business" you're referring to the "dealer" status imposed by the IRS in regards to a real estate business that regularly purchases and sells property.

Also, watch out for the deed restrictions from the seller that may prohibit you from selling the property with 90 days for a profit, even with proof of rehab and appraisals the deed restriction may hinder if you are looking for a quicker resale.

Swallow and pay every dime they earn to live a restricted (since '06: never go out, no travel, no vacations, no gift giving at holidays, drive old cars, buy used clothes, etc.) life for the next ten or fifteen years, fearing job loss or pay cut daily, only to find out at retirement that I have to walk away from it then, can't sell it, perhaps have to file bankruptcy, then, and live in government housing for my retirement...?

The tenant causes damage restricted to the interior of your unit - the HOA is not going to pay for those types of repairs.

These restrictions shall run with the land and are not personal to this Grantee."

Both governments and homeowners associations, or condo associations if you are a condo-dweller, can levy powerful—and sometimes incredibly strange—restrictions and requirements."

The 3.8% is not imposed on the home sale but would be added on capital gains in some cases.

The loss your deal may also be more than any fine imposed for a first offense....know your market and what rules you must conduct business under....good luck,

Is this too restrictive?