Growing populations and jobs is definitely a major consideration when evaluating a market but you want to look for the best combination of cash flow and strong economic/demographic fundamentals.

The home is zoned R-10 but there were two parcels combined for tax purposes back in the 80's.

The road to quitting your job is a grind but the combination of getting educated and taking MASSIVE ACTION will allow you to get there.HAVE FAITH!

Either way, you will be much closer to your goal, and if you combine it with house hacking a couple of times, you and your wife will hit your FI $5K goal much sooner, probably in 2-3 years!

Not including time to get there, but we will combine it with another reason for being there so we don't make unnecessary trips.

Your COMBINED "Loan to Value" can only be 80%.  

With the right combination, it can be super profitable nonetheless.Otherwise, I agree with Jacob here, I avoid HOA"s if at all possible.

This is usually documented with a joint venture agreement, a note/mortgage,  an Option, joint ownership of an entity, or any combination of these together.

There are programs out there that combine the 2 so that there is only one closing, but the concept is the same. 

I’m sure a deal like this is possible although very rare and you would need to know the right people.