I also warned him about this guy's shady ways and told him that this guy also has intentions of of trying to get him to sell also.

Michael Galloway thanks for the warning!

(The place was a mess, as I am in the middle of a handful of projects, but wanted to start showing, and warning the prospective tenant in advance what I plan on doing) All in all, the two relatives, the wife, (prospective tenant) and the 23 year old son (prospective tenant) looked at the place and said they liked it.

I also worry his RE agent, who has marketed this property for 8 months, may warn against it, as I imagine she would rather short sell and get her commission.

There are some potential rental property areas, too, but I was warned they weren't the best neighborhoods.

Our PM allows us to schedule our own inspections to come down, inspect and fix this stuff ourselves (we've only done it once last year), but I'm amazed at how many tiny things need fixing that tenants don't care about as it's not their home, and it would be nice if the PM could do that walk-through, send us a list of all the tiny things they find, and we can schedule their guys to do the work or at least have some warning before small issues become bigger problems.

I always advise owners and managers to consult with an attorney who specializes in premises liability and landlord-tenant law.If you keep the tub, you should have specific clauses written into the rental agreement as an addendum.You absolutely must provide the tenant an owner's manual because the first five or six pages are full of all the legal warnings that keep the tub manufacturer out of lawsuits (Consult a physician before use, Don't consume alcohol, Don't use alone, No unsupervised children, etc.)Bottom line: If it needs work, have it done by a licensed, bonded and insured electrician and/or spa technician.

We warned them about it but they did not heed.

I am not upset with hud, i just wanted to put this out there to warn other investors about the rule change

We have a few friends in real estate who have encouraged us to do this on our own but a few have warned us of legalities and the issue of being unable to sell/buy a new home concurrently.