The second issue, is that the lower price point means your competition is way higher since that lower price point is accessible to more people.

Hi all, I was buying an investment property in Phoenix, which I backed out of today after learning of HOA restrictions.

2) If I become the new landlord, Am I restricted to the 7% rent increase cap?

The seller initially left the first question on the seller disclosure blank"Are there any violations of Covenants, Conditions and Restrictions covering the property?"

Should I obtain a RE license to gain access to MLS and network with local agents?

Need to access equity in primary Need that equity for a down payment on a 4 plex.

outside of putting vents in, you do lose any potential access points though so that may be a con for you. 

I know the MLS has it but of course, cannot get access.

Access to international buyers is one thing I stressed when talking to realtors and the one I chose originally told me that their firm does have international exposure but that turned out not to be anything past putting my property on their usual list of websites.

This is a popular question here, @Sanjiv Mehta so you might do a search.The usual responses are to never pay up-front fees, make sure your lender is appropriately licensed in the state of the loan, and complies with all usury restrictions.