The markets noted above are all B+/A rated, therefore, it's no surprise that an HOA has enforced rental caps/restrictions. 

They learn to pay their rent on time because we send them a Rent Past Due letter if they don't and it includes enforcement of our $50 late fee.

The municipality may or may not have an ordinance about open code violations with regard to title transfers (sales) but it really isn't enforceable.

Check out this Texas Bill - predatory practices against investors selling on a wrap"Watson’s bill, SB 1995, would increase wrap loan disclosure requirements, add some enforcement provisions and also mandate that the disclosure be provided in a language other than English if the loan was primarily negotiated in another language."

Keep in mind once you start doing work and pulling permits the code enforcement office and building inspector will be able to force you to make most of these upgrades in order to make your property fit to occupy again.

They have NO authority to make major decisions, they work at the direction OF the Board, executing their policies and enforcing their Governing Documents.

Require them to add you as "Additional Interest" on the policy so you can track and enforce.

Hello,I'm a 23 year old college graduate in the process of getting a job in law enforcement within the year.

My question is if I should actually enforce the requirement to have the renters policy.

In this case towns and municipalities will usually increase enforcement of local ordinances in order to generate revenue thus further increasing the financial burdens of the town and its residents.This does not mean that programs should not be put in place to encourage and actually assist folks to break the chains of poverty and become self sufficient.