One thing I feel that is often missed is even if you go on a large building spree there are HOA's to contend with. In all the places I have owned there three v

One thing I feel that is often missed is even if you go on a large building spree there are HOA's to contend with. In all the places I have owned there three very strict guidelines on the number of properties within the community that can be rented. This is to protect the owners who wish to, you know, actually live there. I have been on a HOA where we essentially forced an owner to sell their unit as we wouldn't authorize them to rent it out as we were at capacity of homes rented out. The decision was made to not make an exception as once you make one you have very little ground to refuse others.