So in theory I buy my own 8% dividend yield from my own money from nothing LOL, it is just imposible one could produce sustainable 8% from rental alone.When I ask this fact they're so upset LOL.....this is why, sorry to say, investing in public entity is still safer in general than buying private syndication/fund like this because there're too many area where the accounting book can be cooked/manipulated.If we see Bezos's new SFR venture, we can see that their return is not guaranteed and their yield is only between 3.5-4% , which is about correct. 

Although, if you are just really beginning, don't add too many unnecessary bills.

Short term rentals around the lake do well but if you definitely have to research each towns regulations because have none and others impose a lot.Here is a link to the proposed regulations, I can’t find the final draft on a quick search but I’m pretty sure this was enacted without any changes.https://bit.ly/3rPRNmtLong term rentals and student housing in Ithaca continue to do really well, you can usually take advantage of both cashflow and appreciation in this market. 

Long story but they were trying to force me to do something unnecessary that would've impacted me financially in a big way and would've caused me to waste a lot of time. 

Because it seemed unnecessary to you until this post. 

Imposing, arrogant, and wearisome is likely the typical sentiment.   

Most will commit to 4 years b/c moving during school is an unnecessary pain and is expensive.  

If you do end up purchasing in the HOA to run it as a long term rental, make sure to have a clause in the lease that makes the tenants financially responsible for any fines imposed by the HOA that result from the tenants' actions. 

The addendum is unnecessary because as a couple they are both responsible for paying the full rent.

Depreciation – you actually reduce your taxes Substantially by taking the required depreciation the IRS imposes. 7.