I know when I used to have a similar restriction most borrowers would buy calling their foreign investor 20% but then amend the partnership the day after the closing.   

Is it wise to invest in a LURA restricted Multifamily?

But if they are offering any rationale ,then I would suggest to pay more attentionAlso 203K is more restrictive than homestyle.

I know that Columbus just released some restrictions and regulations on short term rentals starting next year, but are there areas of town that have still banned them?

Also make sure you have exit strategies in place in case STR's are all of sudden banned or permitting is restricted down the road.  

I understand that as an individual, to some banks I am restricted to have either 4 or 10 conventional mortgages under my name.

I see condos for rent by the week all the time, yet when researching properties to buy, rental restrictions are usually 3 mos. 

Employment, income level restrictions if allowed, credit score all worth listing to eliminate losers and save you some time and effort.

As a buyer you need to understand what an arms length transaction is,that you will typically have a 30 day deed restriction and at times a 120 day deed restriction if selling for more than 120% of purchase price. 

Zoning restrictions?