But buying with Hard Money should still be a lot less out of pocket.It was also mentioned above that lower loan amounts and having a "seasoning" period might occur....and that is possible...so we need to interview lenders beforehand and only work with ones that DON'T have these restrictions. 

California should know that the reason why CA has high rents is largely because of the extremely expensive and extremely restrictive building process  that was established BY California.

There are many other restrictions and requirements, especially since this will be a construction loan.

Restricting the breed is good, but not knowing what dogs they will get can be a problem. 

Anything that restricts access to your money, like a mortgage, is not a good idea.

Very restrictive.

My only advice is to pay attention to the owner-occupied restrictions.

Fannie and Fradie restrict loans if a single entity owns more than 20% or 25% respectively unless the developer is actively trying to market units.The developer has a sign outside property marketing units.

If your guest policy restricts visits to, say, 7 days, then you can tell her that a stay longer than that requires the guest add their name to the lease and will increase monthly rent by X dollars to offset the increase in utility expenses, wear and tear, etc. 

Literally red dots up & down my entire screen.Some may be in restricted communities that have banned STR but I’d bet there’s quite a few in there that you can buy, spruce up a little bit and Airbnb out at quite a profit