Also a lot of times HOA's will suddenly change the rules and decide to stop allowing rentals, or put certain other restrictions.

He bought at the height of the market NOT from MACK and got lousy rehabs - NOT our MACK standard of redevelopment.

Depending on the price of the home you might be able to use all your portion depending on lender restrictions. 

I'd go so far as restrict your passive marketing activities and use that money towards active marketing, such as networking-related events, where you can get your face directly in front of prospective clients.I recommend using direct mail to promote your closed deals and listings as a way to show that you are active and gaining traction in an area.

My brother flips in Pac Heights in SF and the people who buys his properties are in tech.

I would definitely buy on Five Mile at the right price (especially if flipping is your thing), but would be extremely cautious about it being over-inflated, as there is so much building going on up there, and at some point, people are going to get tired of getting stuck in traffic every time they drive to work or go grocery shopping.There is also Airway Heights, which is west of town along Highway 2, out by Fairchild Air force Base and Spokane International Airport.

You need to look at the deed restrictions, and to any PUD (planned unit development) or HOA requirements, it could say that occupants must be 55+ or it could say owners, I also suggest you check as to allowing rentals. 

As a free market guy, as most entrepreneurs are, I think it's ridiculous that free trade is restricted in any way, whether it's with real estate short sale purchases, reselling with FHA financing, or health insurance being unable to cross state lines.  

I have a big family and the breadwinner for my family so that restricts my finances.

I have a lender now that is doing 5% down with no PMI and with very little DTI restrictions.