@Jordan Deeney @Brian Ellis @Carl Dowdy this topic is quite involved and I hope to help a little with this subject.If you are using a Fannie/Freddie loan with your refinance step they are good loans for their rates and terms but they do have restriction on how much cash you can take out in the first 6 months of the property. 

@Eddie Pfeifer The changes that went into effect for 2018 now restrict 1031 exchanges to investment real estate only. 

The City of San Jose has restrictions on living out of your car and how long you can park your car in any one place on the street.

Maybe take some shots of cat crap every visit "to document noncompliance with lease restrictions"?

Are there any restrictions against doing something like this?

Purchase: For a purchase money transaction, the LTV is determined by dividing the loan amount by the lesser of the “as completed” appraised value of the property or the sum of the purchase price of the property and the total rehabilitation costs.Refinance Transactions: For a refinance transaction, the LTV is determined by dividing the original loan amount by the “as completed” appraised value of the property.Eligible Renovation: There are no required improvements or restrictions on the types of repairs allowed.

There are so many caveats, and I have so much I need to learn, so my first thought is to find a piece of property near deed restricted communities, something visible, and fence it in, add a remote gate and some cameras, and store boats, RV, cars, etc. 

inside the walls, they don't have a say, other than occupancy, rental restrictions, STR etc. 

some of us have no option but to buy one good 3-4 unit deal, fix up, force appreciation increase value and 6-12 months later refi to bank roll next bigger property. rinse and repeat dti ratio does increase but ratio should be less than the noi increases or not "good" deal. banker will ensure your still under 43% on backend to protect the asset and risks. if want ensure that bring proof new signed leases by tenants if buying occupied. now done both. commercial is less restrictive overall less federal hand holding seemed faster.  

there are multiple roads which restrict traffic in the AM hours and do not allow left turns etc.