Revenue is not profit though...you have additional expenses in STR (close to 50% of OpEx) due to cleaning, vacancy, and supplies.

My goal this year is to buy a rental property that I can lease as soon as I close or after some minor repairs.

I had spent months talking with banks on my plan and had the contacts lined up before closing.

The wholesaler who has the portfolio has all of the properties tied to one contract, and due to some prior legal disputes, this contract is actually 3 years old and just received a judicial order allowing the buyer to proceed to closing.

I knew that I could probably cover these cost on a sub 185k home, but that still left closing cost and other unknown expenses to come.

Once you close with CMG you are automatically enrolled in their rate rebound program.

Should I just sell it as is which could be a few months of closing the deal or just pay it off and sell it as owner financing.

My experience is in Alabama association law, but I suspect the principles are universal:  There is a hierarchy of rules for HOAs and just like government documents, a lower ordinance can be used to execute and make more specific a "higher rule," but can't contradict it. 

It's a small pocket with lower supply, so if you can get a good deal, you'll likely see some strong appreciation.

I just purchased a unit in the Mount Vernon area close to Ft.