They'd be required to pay for extra parking spaces, or buy parking spaces at some other place.

I know its not helpful to you, but if someone else is reading this down the road - this is why buying in an HOA is a bad idea unless its a purpose-built resort. 

All Banks & Lenders are different as well as which program you used to buy the home.

Some of these properties are offered at a fraction of the market value which is one of the reasons investors are incentivized to buy.

What about a buy and flip?

Investment Info:Small multi-family (2-4 units) buy & hold investment.

They keep track of my inventory and go and buy supplies when needed.When you select an offer from a cleaner on Turno you get to see the host rating and the Airbnb guest rating for cleanliness, so that helps you make a choice.

I’ve flipped in the dc area for years, right now there is just money & in the vast majority of cases there is high likelihood of losing money, right now the best investments in the area imo are buy & hold, I’ve even gone full circle and while I really liked value add for most of the last decade I think in a lot of ways new construction especially in more affordable markets (I’m personally a big fan of the eastern shore market) is a much better way to make money long term than flipping and brrring while I know they are sexy & certainly you getting a huge paycheck is great, there just isn’t any money in it right now, especially in nova. 

Do you emphasize long-term holding of property or quick-turn buying/selling?

The problem is that I live in California (which is cost prohibitive for me currently to "buy local") and must rely on remote management that is local to the investment area.