A lot of condominiums have rental restrictions.

Salt lake county just passed an ADU clause that has some restrictions, but it sounds like with what you want to do might be right up your alley!!

There are few restrictions on new development, construction is faster, occurs year round and when rents and occupancies began to peak and easy credit is available, it’s a developer free for all.  

Lenders will restrict the loan-to-value (how much you can leverage the property based on its appraised value).You've got money sitting idle in the house, and it's great that you want to put it to work.

You're still young and if you retired, you'd probably get bored, plus you'd be more restricted in terms of buying more homes.

I initially only looked in Wake and Harnett counties, and for both the UDOs were sufficiently restrictive to cause us to change course.

I believe there are some other restrictions such as you cant work on the property or manage it.

I've put several of my rental addresses (that are not within a restrictive HOA) in to see what is for rent on the site nearby and to get an idea of the rates being charged.

They are a separate deduction based on business use % and not restricted by home office rules.

The max is only up to conforming limits and if your income doesn’t fall within the restrictions, you have to search for locations that have no income limit restrictions.