Remember you don't have to own a property to control it.

A REAL investor would control the HOA.

Tenants are extremely hard on appliances, it is not uncommon.Landlord Responsibilities: Landlord will at all times during the tenancy keep the premises fit for human habitation, and shall in particular:a.Cultivate, care for and mow surrounding grass, lawn, flowers, and shrubberyb.Maintain the premises to substantially comply with any applicable code, statue, ordinance, or regulation governing the premisec.Maintain the roof, floors, walls, foundations, and all other structural components in reasonable good repair as to be usable and capable of resisting normal loadsd.Keep any shared or common areas reasonable clean, sanitary, and safe from defects increasing the hazards of fire or accidente.Provide a reasonable program for the control of infestation by insects, rodents, and other pests at move in f.Except where the condition is attributable to normal wear and tear, make repairs and arrangements necessary to put and keep the premises in as good condition as at move ing.Provide reasonably adequate locks and provide keys to the tenanth.Maintain all electrical, plumbing (main lines), heating, and other facilities and appliances supplied by Landlord in reasonably good working orderi.Maintain the unit in reasonably weather tight conditionj.Provide facilities adequate to supply heat and water and hot water as reasonably required by the tenant

Remember you don't have to own a property to control it.

The deed restrictions and financing restrictions are an extension of this, they are not the only controls in place to stop illegal flipping, but it is where these rules originally came from 

Remember you don't have to own a property to control it.

Remember you don't have to own a property to control it.

Then from that value you subtract expenses to lease up, the lost rent during lease up time, commissions etc. but also give a credit for less variable expenses since the property is only half full.But if the seller knows you are to be occupying he will try to negotiate these expenses down because your occupancy will cure all these shortfalls the day you move in. 

Whats to stop a developer/sponsor from selling the property to himself or another entity controlled by him, at a loss or at break even price?

Bailee's coverage will pay for losses to items that you have that is in your care custody and or control.