The ability to sell and take advantage of  $250,000 exclusion of gain for a signal person (IRC 121) if you live in it as your primary residence at least two of the last five years.4. 

I like the very specific verbiage used to discuss the tenant's ability to pay rent as and when due, and I will be using that. 

For the bathroom, I want to put in a walk-in shower in place of the combo unit (I know about the hit to rent-ability), and tile the floor.

I have the ability to borrow up to $48k from my retirement plan.  

-The ability to help my family with financial burdens.

One of the big advantages of investment real estate is the ability to finance a property over 30 years.

It depends on your ability both financially and your skill set as a GC.  

There are call-outs for specific hardship exceptions like inheritance and employment relocation, but approval for these exceptions are also at the discretion of the board.At the time my partner inherited the property, we were mislead by the then HOA Board President into thinking that given the manner in which he came to ownership and the fact that we live out of state, he would be granted the ability to hold the property as a rental into the future.

This is not tie up a house with no ability to buy it and if it doesn't sell no harm, no foul.

Knowledge, skills, and abilities:1.