Other buildings in the area have HOA costs that are around $500+.I Have no idea how to factor in above concern of housing market dip and how long that could take to recover from, as well as the potential future rental market if I decided to rent instead of sell.Felt like my post was disjointed, but figured I’d post and add detail later.

@Joe Splitrock Yup, that's my concern.

I think a lot of brokers would have concern or even disallow their agents to wholesale because its too easy to run afoul of their obligations as an agent.

A couple of the reasons/concerns I am considering this:-Difficult to go the BRRRR method in the current market and actually find a deal (too many non-Texans, like myself originally paying way over market value on MLS)-I liked the work the builder did on our property, and we would ideally build a base model without much customization, and add forced appreciation in the second home while we live in it over time-I would like to take advantage of the current rates, as well as my VA benefit with the best strategy possible in starting the rental journey-I know our current home would rent and cashflow well (only con/concern is that our upgrades are on the higher end, rather than econo-rental-friendly: porcelain wood-look flooring, granite countertops etc.) 

My first question and concern is how involved the city can actually be?

I was concerned about financing both the down payment and the balance of the house.

I have another concern:  why didn't your PM bring this issue to your attention? 

If that is the case then I would be concerned about my investing abilities rather than taxes owed.

If you have any more questions or concerns feel free to connect with me.

So the lack of parking and small bedroom are both concerns.