After months of debate, decided I would focus strictly on wholesaling and buy & hold.

My goal with these properties was strictly to generate cash flow.

Most new development HOAs have very strict rules and bylaws for renting.

I have seen a lot of people offering them but eventually you have to pay for some sort of class.I have strictly done typical residential deals in my career as an agent, don't get me wrong we find great deals for our investors, but I feel there is a lot of opportunity that I am missing out on.thank you for the reply

The only way to take the pain out of evicting is to operate strictly as a business.

In some cases "in-law" can be very strict on needing to be family of the primary occupant, or can't be used as income. 

The drilling companies are the first to show up (boom) and the first to almost completely vacate an area (crash) and variable demand between those times.Now I know many good honest people that work on the drilling rigs and most companies have strict policies.

It also has strict rules you must follow to keep protection, and cost more to evict, file taxes, etc.

If strictly as a rental you will likely need 20% or more to get financing, plus if you continue to live in New York it will be harder to do repairs yourself.

Pairing them w lease options is where an issue arises because there are strict guidelines/deadlines for lease-options (LO) in particular long-term LOs.