A condo I am bidding on right now has restriction from HOA --- 25% for lease, it already reached max.

So I called HOA, and said can not rent to anybody any more. Otherwise, will pursue legal suit.

So I worried, should I keep trying this property?

Any way to get around this kind of situation?

no need to double post

double posted because a typo.

Sorry

You might be able to do something with owner financing instead of leasing... but that's quite risky. You could make it basically work like a lease/purchase agreement, but with a balloon payment instead of a future sale. Talk to an attorney. It's not something that I would really advise doing personally- but it might be an option.

Seems to be pretty straight forward. If you were to purchase and lease out, you would be in violation of the association rules and regulations if 25% of the units were holding leases.