I am about to place an offer for a condominium however it has 24 months HOA rent restriction. Even though I plan to live in the house, this is a bit concerning as I might have to move out of state by end of the year and will need to rent this out. I am trying to make my mind up and see what is the probability I can't rent this out before 24 hours.
If you think you might have to move and can’t afford for the property to sit empty for 12 months, buy something else. You’ll be signing a form that says you know the property you are buying has restrictions. There’s no good reason to buy a property in a state you might be leaving 10 months later anyway. If you lived in another state would you have come here to buy this property? It doesn’t seem likely.