Since you’re managing a Section 8 tenant and taking over property management, focus on understanding local regulations, lease terms, and effective tenant communication.

Shane, buying "subject to" in Illinois is possible, but the state has stricter regulations around real estate transactions.

Quote from @Tony Lopez: You are in the most regulated corner of the world and have zero experience.

One of the other factors that kept me from pulling the trigger is that the city has never passed any real STR regulation.

Depending upon whether they are a bank or a trust company, custodians are heavily regulated by the IRS, DOL, possibly the FDIC, State Banking Commissioner, and maybe the Comptroller of the Currency.

Most counties have a cap and there are a lot more regulations around short term rentals.

I currently have mine managed professionally.

Earthquakes stopped occuring after the state regulated fracking.

I’m looking for insights on which states allow you to list a property on the MLS as soon as you have it under contract—but before actually owning it.I know that some states have strict regulations around wholesaling and marketing equitable interest, while others allow it as long as you disclose your intent.

It's required now with the new regulations.