But knowing what the "catch" for such investments is could be helpful in my initial meeting with the developer.

These have the most red tape and are strict on requirements.

Looking forward to meeting you all on the forms!

Invest in business cards and pass them to everyone you meet.

So, the issue will be brought before the committee at a future meeting. 

So far we have not had a tenant, that is established - more than a couple months in the unit, not be able to meet their rent commitment using this criteria.We have some tenants in our C area that would not have qualified if we used 3X. 

Now I hope to meet the closing date before the rate lock expires.  

Nice to meet you! 

If the property meets the certain guidelines set up, then you can purchase the property with a hard money loan.

My plan is to attend the next HOA meeting and state my case.