Your 16 years of training and experience in LE will directly positively impact your ability to work in real estate.

@Daniel RubensteinDisclosing that you purchased a house from a smoker (and the smell is gone) is not a big deal if you discover mold or other hazards where the EPA is involved then that becomes a more serious concern to potential buyers and could impact your sales price.How long has the house been on the market?

Most importantly just stay active on these forums & watch the positive impact it has on your life as well as your business.

All of these will have an impact on your credit, some greater than others.

The rules are xyz..about the notice...however, we can try to re-rent the unit so it doesn't impact your deposit" This is a great way to say the rules, but also say you want to work it out, if it can be worked out.

I would guess that this will have little impact.

So very little if any chance of points 2&3 having an impact.

I want to flip homes for a couple different reasons. 1) I love the city I live in and want to make an impact in it to better the community and 2 I just love real estate, flipping, and investing.I live in Champaign, Illinois and am a 25 year old restaurant manager.

If they pass a regulation to allow rental after say 5 years of ownership it may not have a big impact.Do some digging and find out how many units total, and their respective length of ownership, and figure out the magic number to propose to the HOA with a minimum short term impact and make it known your plan B is to default.

Once you lost a tenant you couldn't find a replacement no mater how cheap rent was (see the comment above about vacancy rates).4) Keep in mind that all real estate is local so the impacts of a recession will be different in California from what it is Arizona or Colorado.