However, a lot of condominium communities have clear guidelines on rental restrictions that often prohibit leases less than 6 or 12 months.Before paying for a really nice high-rise, please make sure you will be able to monetize it the way you'd like prior to purchase.Best of luck.

Quote from @Bhushan Shinkre: Few corrections, tenant simply decided not to pay rent and took further action of asking for refund of all prior payments (legally made via Baselane), which Baselane paid out no questions asked.

We don't have that guideline for cash-outs, we just utilize the 1007. 

And you stay legal with time frames, notices, etc etc.

The Rental Property Association of Wisconsin is a resource for connections with contacts that own rental portfolios, legal presentations and resources, and contractors.

Hi Marcus,A Qualified Intermediary cannot provide tax or legal advice otherwise they may be considered an agent of the taxpayer.

Do not rely on it for legal advice.

I want to provide a safe, structured living environment for individuals transitioning out of recovery or other challenging situations.I’m new to this process and was hoping for advice on the following:How to navigate zoning laws and permits in Montgomery for this type of setup.Licensing requirements for sober living or group homes.Strategies for finding residents or partnering with local organizations.Financial and operational tips for managing this type of property.I’ve heard zoning can be tricky and want to ensure I comply with all legal and safety requirements.

I start with cleaning and repairs, then I apply it towards utilities, legal fees, late fees, and rent, usually in that order.I also have a holdover clause that says the tenant is charged 4x of the monthly rent, prorated daily if they hold onto the property after lease termination.

.- Most cities do NOT care if an owner lives in basement, but will not allow a tenant to unless baement has legal egress window.3) Check local statutes if any limitations on how many unrelated roommates are allowed.4) Check with local building dept to see if rental inspections and corresponding requirements.5) Local statutes allow locks on bedroom doors?