I realize that it might not be your intention but to get a new tenant and then raise the rent and then when they say they want to leave, to then not give them their money back is robbery.

Kinjal,Are your intentions to rent long term?

Last year at this time you could buy them here all day out of MLS, after the hedge funds came in it was virtually impossible.Whats happening now is the brokers are intentionally listing them low to get interest knowing there will be a bidding war and they'll get their price.

Plus, the individual must have both the intention and the ability to perform under the contract.Thus, the vast majority of wholesale in Ohio is illegal.

At that point, its 50-50 to whether their intent is to run off with the money or not.

@Jeannie G — I have to respectfully disagree.The property you purchased through the owner/Provider (Coral Properties) was represented by them as a rental property; however, as you and I both know the HOA restriction never came up at any point from the day we received the listing information to the day you received your closing documentation, and thereafter.In other words, this was not caught by the provider right from the beginning, and was not disclosed to anyone by the title company before you closed, and was not caught by your review of the closing documents (specifically the CC&Rs).This certainly was an anomaly and one that only has come up once over the years.It is and was our intention to help work through this with the original seller (Coral Properties) and formulate a solution for you...As you will recall from our communications back on August 20th, we helped come up with a few options for this property and we negotiated with Coral Properties to list and sell the property at no cost to you.

@Aya Caliva, I suggest you check out the VA website at: https://www.va.gov/housing-assistance/home-loans/While I truly believe most people on this site are well intentioned, quite a few are misinformed and pass bad information. 

You could start with the best of intentions and end up with a legal mess on your hands.

One of the keys is you have to have the intent to use it as your primary residence. 

(A) A landlord who is a party to a rental agreement shall do all of the following:(1) Comply with the requirements of all applicable building, housing, health, and safety codes that materially affect health and safety;(2) Make all repairs and do whatever is reasonably necessary to put and keep the premises in a fit and habitable condition;(3) Keep all common areas of the premises in a safe and sanitary condition;(4) Maintain in good and safe working order and condition all electrical, plumbing, sanitary, heating, ventilating, and air conditioning fixtures and appliances, and elevators, supplied or required to be supplied by the landlord;(5) When the landlord is a party to any rental agreements that cover four or more dwelling units in the same structure, provide and maintain appropriate receptacles for the removal of ashes, garbage, rubbish, and other waste incidental to the occupancy of a dwelling unit, and arrange for their removal;(6) Supply running water, reasonable amounts of hot water, and reasonable heat at all times, except where the building that includes the dwelling unit is not required by law to be equipped for that purpose, or the dwelling unit is so constructed that heat or hot water is generated by an installation within the exclusive control of the tenant and supplied by a direct public utility connection;(7) Not abuse the right of access conferred by division (B) of section 5321.05 of the Revised Code;(8) Except in the case of emergency or if it is impracticable to do so, give the tenant reasonable notice of the landlord's intent to enter and enter only at reasonable times.