Also, most of these smaller communities are swamped with investors currently, so many of the great deals like older landlords, and out of town owners have already been snapped up.

@Shannon DavisWelcome to the BiggerPockets community!

Thanks BP community

@Stephanie Irto we are willing to put upto 30% percent down @Stephanie Potter yeah the condo community is more than 50% owned by investors for rental purposes. 

Figure out how much time you can dedicate to it and take an honest assessment.

Any advice the BP community can provide will be greatly appreciated!

Hey BP community!

When  every tom, dick and harry thinks they can do it and jump on board it is usually a sign home prices are about to peak.Best buck return wise is probably MHCs....Mobile home communities.

They said they don't *want* that type of rentals in the community, but when I asked them for specific guidance in the CC&Rs, the only thing that they could point me to is this clause:"Use of Individual Units.

Thank you community!