Prior to Covid there was a considerable difference but now it seems that there is a market for 30 day rentals as well. 

Having HOAs simply means you give up a considerable amount of control of your property and the associated potential cash flow and appreciation.The HOA is your landlord and they control your investment through their control over the regulations.

never new this would be a consideration...

With any loan your FIRST consideration should be getting paid back if something goes wrong. 

How did I get sold this crap lol)Location: Winnipeg, CanadaHow it all started:My wife and I wanted to get our own home after living with parents and being able to save considerable amounts of money.At about that time, I started listening to BP and seeing how all of these investors were succeeding with real estate.

Almost $165 billion of mortgages for skyscrapers, shopping malls and hotels are due this year.While financial-market conditions “have improved considerably in recent months,†the markets for ABS and CMBS “are still impaired and seem likely to remain so for some time,†the Fed and Treasury said.The central bank said it doesn’t intend to make other types of collateral eligible for the program, indicating officials rejected adding residential mortgage-backed securities after considering such a move for several months.

I plan on focusing solely on multifamily rental property as I feel that is what I know best....Although I tend to agree with doing that which you know best, you have to take into consideration the exit strategy.

Most we loan to use their own cash for the rehab and forgo the hassle and considerable expense of a draw system.Jeff

If you have 6', you don't have to dig down too far to get a legal ceiling height, a foot or so?.

One thing that I would like to add to the consideration is the value of occupancy, but on the wrong side.