I am ready to start acquiring turnkey properties with long-term rentals in mind and am currently seeking recommendations for reputable turnkey providers across various areas in Florida.

Looking at buying my first piece of property and finally found a condo I like in a great location, under budget but the HOA is stringent on rentals (all leases must be approved by HOA, approval process seems lengthy and min credit score is 700 FICO) should this be a deterrent for me in terms of buying this as rental property?

I would recommend that in the short term you include that comparison against any real estate investment you  consider.  

Explore short-term solutions with hard money lenders and plan to refinance later. 

Together, we're delving into an exciting venture – offering investment opportunities along the beautiful Mediterranean coast of North Cyprus, specifically tailored for short-term rental gains.As we are just starting off, we're eager to connect with prospective clients who would be interested in overseas investments.

Holding long-term has been for me a great wealth strategy.  

By increasing the property's value through renovations, you can potentially increase rental income and improve cash flow.Long-Term Rental Demand: Consider markets with strong long-term rental demand, such as college towns, military towns, or areas with growing industries.

. - You need to be the best in terms of knowledge in your specific asset class. 

You can rent by the room, which can maximize rental income.Parent Guarantees: Many student leases involve co-signers, usually parents, which can provide additional financial security.Low Vacancy Rates: Due to the high demand, vacancy rates tend to be low, especially if the property is close to campus or in a desirable student neighborhood.Flexible Lease Terms: You can structure leases to fit the academic calendar, which means you can adjust rents annually based on market conditions.Cons:High Turnover: Students typically stay for shorter periods, leading to higher turnover rates.

There has been a long-term tenant in place who just vacated and the property is outdated and needs to be rehabbed.