The reason why this house is turning so fast is because the CC&Rs state no renting. This was an investor that bought this house. This house is only for owner-occupied per HOA. House bought at auction in June 2008. No CC&R read til taking possession.

Given that we are this far into the housing bust, there are not that many first-time buyers, and a shadoobie load of investors out there looking for rentals.

Contrarian, extraordinaire