Another day of record coronavirus cases and hospitalizations and several countries, states, and localities responding with activity restrictions seems to have served as a reminder of that.

Many if not most lenders have all kind of lending restrictions on condos....often things like no one owner can own more than 20% of the units....so that leaves the issue of how do you finance the first 5 sales?   

Was tempted to do that since we host a lot of units and would be nice to have an interest in the growth of Airbnb, but concerned on their financials and government restrictions

Some have restrictions on how many years (2 years on one that I had looked at to buy & didn't) you must own the property before you can sell or rent it (or if you can rent it at all), approval by the HOA of renters, strict policies that may have penalties / fines for non-compliance, over zealous HOA members / managers, and additional fees when transferring property or renting. 

Straight from Fannie Mae: The unit must not have been previously installed or occupied at any other site or location, except from the manufacturer or the dealer’s lot as a new unit.FHA has the same restriction. 

As soon as they found out what I was doing they wanted to slap all sorts of restrictions on it.  

Bidding during the exclusive is restricted to Owner Occupants only so the system will only allow those bids. 

After talking with our rep we also found out a lot of new policy providers restrict coverage to a 4-6 floor max and/or 36-54 total units per building.

And would it possible/better to rent the garage (or portion) separate from residential rental to get around covid restrictions?

How do you deal this, practically replacing all the tenants does not appear viable solution down the line with COVID eviction restrictions?