Condos tend not to be great rentals: you can have high HOA fees, restrictions on renting, etc.

Additionally, make sure to closely read the contract addendums and review the seller signed deed for any deed restrictions

Just make sure there is no restriction on assigning, though I highly doubt there is for a landlord.

What are some of the restrictions or regulations when lending private money?

Palm Springs put a moratorium on them a while back, then suspended it, then (I believe) restricted/banned them again. 

Very labor intensive and also restricted where I live.  

@Chuck DangarIn general, LLCs are good for borrowing hard money, pooling monies, or commercial loans.Fannie recently released the restriction over post closing moving a conventional loan into any LLC.

I will be a lot cheaper Hi, I contacted a local tenant advocacy group called NJTO, they have said “ Because of this, I hope you can understand why the one-to-one guidance you are looking for is restricted to dues paying members only.

One of those rules often times involves restrictions on what the funds cannot be used for, which is why some lenders ask about the intended use of the funds during the initial application process. 

Hey @Eduardo Rodriguez, if your property is in Texas, be particularly careful: Texas has restrictions on lease/options that other states (like my beloved Georgia) don't have.See, for example, https://www.lonestarlandlaw.com/Lease-Options.html.