Some states have restrictions concerning multiple un-related people living under a SFR, so definitely check on that if considering the rent by the room strategy. 

Lots of city restrictions. 

As long as the flipper provides E&O insurance and there are no limitations or restrictions on the business you do outside of his flips, I would go for it. 

There are a ton of people who purchased an investment property without the aforementioned restrictions.

We have about 400 members and most of our meetings online at this time due to restrictions on the numbers of people meeting in one place. 

Also curious about rental restrictions from the HOA and the city of Indio.

This gives you the opportunity to invest out of state in markets which offer the highest return rather than being restricted to your local marker which might be sub-optimal for this strategy.Are there any specific markers you are thinking about?

Could anyone identify the actual restrictions or limitations that are put on you as a realtor that might limit you as an investor?

He mentioned that there are a bunch of restrictions on STR coming down the pike in the Twin Cities Metro. 

Look into local restrictions.