Make sure you have clear tenant selection guidelines in place:1.

My goal would be to sue the HOA into action if they don't play ball.And read your HOA guidelines/covenants/whatever, there may be a grievance process defined, as well as remedies for issues such as yours.

My roommates practice CDC guidelines and keep to themselves anyways.

I initially thought that this is more of a lender option where some lenders might come and say we could do this option as we will not go after the investors (which would be OK if they want to make more business this way).However, after talking to few of my local lenders they all state that this is not a lender guideline but more of Fannie Mae guideline and as an investor, it does not fall on the lender to enforce but more on the investor to make sure they follow the affidavit signed with the lender.

Obviously, you will follow a strict and conservative underwriting guideline so that you don't overpay but waiting should never be a strategy.So, I won't hold my breath if I were you.

I suggest speaking with a real estate attorney in your area, and then following the guidelines exactly to obtain an eviction.

Conventional loan underwriting guidelines are the same across all lenders (dictated to them by fannie mae).

Of course I am very certain you can use an FHA to purchase a new property  but you will have to follow the FHA guidelines one of which states that you will have to live in the property for a year unless excruciating  circumstances deters you .

The bank you're using has an overlay which is adding additional guidelines the one that Fannie requires.

You can get a Conventional Loan for an income property, and that has to conform to the mortgage underwriting guidelines of whoever is backing the loan (i.e.