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. 

I'm pretty sure pit bulls are restricted on my insurance policy.

Unless you have a restriction on selling the house in your purchase agreement like if it is a HUD, Fannie Mae, etc. home, you can sell it when you want to.But if you own it less than a year you will pay short term capitol gains taxes. 

Originally posted by @Armand Farrokh:- But lenders also won't lend to 4 people That's a common overlay, but no such restriction exists in the raw guidelines.

There is also USDA Rural financing which is zero down (but is restricted to certain areas).

But if you've got 3 offers accepted with money only for one, you'll exercise your inspection contingency clause and get out of the two contracts (HUD has restriction on that).