I didn't look into the HOA rules and assumed that the townhouse will have no rental restriction.

But to be honest, pensco is ok, just slow, a little restrictive (which might be in your best interest) and a little difficult to deal with sometimes.  

Other than paying off in 5 yrs, and charging at least prime, and the max amount rules, are there and restrictions on terms?

In the end those HFH homes should have some sort of restriction on title that sends them back to the pool for low income housing to be used again.

I'd think you mean not to conduct commercial activities that are in violation of any zoning restriction or allow public commerce to be conducted on premises.The tenant agrees to maintain the leased premises in compliance with all regulatory requirements, ordinances and laws as applicable.

You need to sit down with an FHA lender/mortgage broker, not one of the big banks because their own additional overlays (additional restrictions) on top od FHA.

I have a document that starts out with 'index to declaration of covenants, conditions and restrictions'.

Hi Lisa, yes and it can be an extreme pain.You'll usually have a local historic preservation association, hopefully there will be an executive director that you might work with who has the authority to make decisions, otherwise they may dictate by committee, a horrible way to get exceptions or approvals.Being on the national register means restrictions to repairs and improvements must be like the original or as near as the same as possible.

The Property is in ____________________________ County, and is described as follows (If lengthy, attach legal description):______________________________________________________________________________________________________________________________________________________________________________________________________________Address: _____________________________________________________________ Zip: ________________It is understood that the Property will be conveyed by General Warranty Deed (unless otherwise required) subject to taxes, existing zoning (unless otherwise specified in paragraph 16), covenants, restrictions and easements of record.1.

Having rentals does restrict your choice of lenders but they are out there.If you are buying in CA, inbox me and I can share my broker name with you,