N tenant screening and criminal activity. these investment companies want to make money. reporter: there s no question that investors are making big buys in residential real estate numbers from last year show they were behind 18% of all home sales nationwide and here in charlotte, 32% of all home sales went to an investor. you re pricing people out and not giving people the opportunity to acquire that equity. reporter: with high demand and low inventory, first-time home buyers face poor odds to beat out big money investors. some backed by wall street, so homeowners association leaders like miller and evans have gone to work changing the rules we added a clause that new homeowners have to live in their house for two years before it can be rented or leased so while we don t target the investors per se, it does that in a round about day reporter: miller s board put a one-year requirement in place, as well as capping rental capacity at 47% of homes in the community. both have s