I think the ability to use seller financing with minimum into the deal in my mind offsets a bit of the below 1% rents@James Syed, built 2009 and 8% mgt fee which I would use. 

I’m looking to go into it with integrity, honest and educated in the field to the best of my ability.

I'm perfectly fine with paying less taxes, but my concern is my ability to cash out refinance my rentals and buy a personal residence this year. 

The ability to borrow a lot on a HELOC may come up but it is difficult to quantify.  

Another caveat: the ability to put that offer in confidently on a grand slam has only come because I have put thousands of hours in over the last 7 years.

This is mostly due the size, as a lender we are qualifying the building's ability to repay not your personal ability to repay.However, if you have good income getting a regular commercial loan secured by the lot shouldn't be too big of a deal for a community bank or portfolio lender.  

Make sure you guys are constantly analyzing how each purchase with impact your qualifying ability on future deals..

Buyer wants the ability to pay the Reno on their own - worst case draws can come out of escrow but should be able to use whoever they want to complete work. 

So when you speak with lenders about their ability to lend money to you on your investment properties you may have to speak with a few different lenders to find one flexible enough to give you the easiest path to succeed.  

Further research and proper due diligence is now needed to assess how bulk owners will continue to thrive as these new laws place limits on their abilities to acquire property and manage the affairs of the association.