Evictions are quick and easy (just a few weeks, faster than most states), judges have always been 100% on my side, sheriffs conduct the move-out quickly with no fuss, there’s no notice required for owners to inspect or enter the property if they want to (I usually still try to give some notice out of courtesy, but it’s nice that I’m not required to), rent control was prohibited entirely across the state in 1981 (recent efforts to overturn that have failed), HOAs don’t have much power here (max fine is $500 for non health and safety violations, they have to give ample notice before any fines, can’t foreclose over late fees or fines, etc.).

Such use does not endanger public health or safety, or create a publicnuisance.3.

Think of it as a safety net for your friendship and for your investment.LLC or not?

Upon inspection they're looking for health and safety features such as working fire alarms, GFCI's and such. 

Be patient when it comes time to market and get it rented.

All in all, you'll likely get a discount on the property because of the zip code but be prepared for high needy calls and installing some extra safety measures to protect yourself and your guest. 

When the tenant turns in keys, we conduct a "safety" inspection within 24 hours to ensure the unit is secure, heat or A/C is adjusted, the unit is vacant, the level of cleanliness, etc.

While I have not encountered this, and know there are very odd requirements placed on property owners looking to develop land, this feels a little off given there are other property owners on the road and life-safety access tends to be the top most requirement in all roadways.

The renovation process may involve updating the interior and exterior of the home, replacing outdated fixtures and appliances, improving insulation and energy efficiency, as well as meeting safety and code requirements.

Make sure you have a sizable safety net in place.Recognize the dynamics of the local real estate market.