These properties would be just about breakeven if we decided to move out after one year.Considering all of the other benefits of doing that first deal, do you think it's worth it?

The law moves slowly but it will catch up to this sort of conduct. 

I think I was so excited about finally securing a medium-term rental that I moved forward with drafting and sending a lease for them to review and sign.

After a year I would move out and rent both units out while living with my parents.

It was a key factor in building Private Money Authority and our funds.

I used to do junk removal and demolition for these kinds of companies and saw all the worst case scenarios in columbus from tenants that can pay $800 per month. check the vetting requirements, raise the price to get into your unit. 900 per month is cheap in columbus if you are buying c class make sure to take a little more like 2 months rent so the people moving in aren't scraping by

Hi Bob,Make sure to have an investor friendly realtor so that you won't have issues afterwards.HOA are very tricky, as the boards change very often, they could be years that they don't do much and other years that they are suing residents if they are not maintaining the lawn.CC&R are the key to review in this case, those are public so available for you, and those are required to be provided by the seller every time.Don't go the route of do it anyways, that will have cause you consequences, I had a time that the HOA sued a property owner just for missing 6 months (the property owner was renting out the property and it didn't receive the invoice to pay the dues so she forgot).

Then moving out to another home in LA/OC using an FHA loan.This is my grand plan... let me know what you guys think!

I know stupid mistake, I did look into it but never presented it to him as I felt things would continue to move smooth as they were at one point.

So, you might have to wait a year or few thereafter, or move, or both.