I say "usually" and "tend to be", because obviously, there are exceptions.

Yes, the market has had ups and downs over the years, as all markets do, and will continue to have volatility, but I'm talking about the long term ... as I said, I don't care so much about the short term except to ensure that I can make it through any short term volatility.

I was assured by the builder’s sale representative that the association have no leasing cap or rental restriction except it has to be a long term rental.

They can be exceptionally profitable IF you are persistent.I've been working probate for decades and keep finding new ways to profit from them.Every courthouse organizes their records slightly different however the basics are that you will want to start with the most recent filing and work backwards. 

You might be surprised to see what I found out as I ran the numbers. ...except your numbers, like everyone I've ever encountered who analyzed their own home as an investment, are incomplete. 

Except you won't get lost going down a rabbit hole, everything is simple and actionable. 

My concern is that a newer investor may risk their earnest money or may be on the hook on a deal (liquidiated damages up to 3% max on CAR RPA's) because they passed their contingencies or other while being lead to believe they could have qualified.Its like banking on a hail mary...As for FHA second use, the above sounds all woo woo and easy but I just did one of these recently and the underwriter wanted 25% equity on the vacating property (first FHA property) in order to qualify at "all," using one of the four exceptions for a 2nd FHA loan ( 1) larger family, 2)separation/divorce, 3) cosignor, 4) relocation because of employment).

@Abdulaziz Albahrani There isn't a whole lot of difference between "crowdfunding" and traditional real estate syndication except that the former is done online.

Whenever one person spoke everybody would listen intently except for my ex girlfriend.

If you're never anywhere to be found except when it's time for the rent, then go around handing out turkeys once a year...yeah, that looks like charity.As for me, I personally meet my future tenants at open houses and showings, and they know I'm the owner.