Here is a good article about what happened in Over the Rhine .How Cincinnati Salvaged the Nation’s Most Dangerous Neighborhoodhttps://www.politico.com/magazine/story/2016/06/wh...

Probably worth having a master electrician check all the electrical including outlets and wiring, as there's a good chance you could be looking at rewiring the whole house if it has aluminum wiring, knob and tube, a fuse box, ungrounded outlets, or any other dangerous outdated stuff.  

I was burnt out from cubicle life but that is a dangerous place to start anything.

I have preached until I'm blue in the face about the dangers of buying these low end asset classes and there is enough all over BP but too many people are still getting fooled. 

He is a little pushy on sales but he knows alot.He says owning single number units is very dangerous and should not be considered because there are many hidden dangers but you need to get started somewhere. 

The Howey test is used for franchise agreements, partnership interests, pension plans, and bank instruments...mostly.The form of the agreement and what parties call it is irrelevant, courts and regulators will look at the substance of the contract.For notes, the Supreme Court created the "family resemblance test" under Reves.

That's not at all how those rules work, and why they are so dangerous in making actual property assessments.

Try to have them invest part of the down payment, to take some ownership interest and be responsible in avoiding any potential dangers.3, If you do want hotel business, then, try to get some with above 100 units, with an above mid-level franchise flag - like Hampton, Holiday Inn, Best Western or other similar ones.

Let me know if you have any other innocuous dangers you have been dealing with. 

If they get rid of the dog, keep the rent the same for the term of the lease.Personally, I think $50 per pet is reasonable and you can double that for breeds that are large, dangerous, or have a high propensity for causing damages.