There’s less legal things you have to worry about in this situation.

So far I have inherited 3 tenants who were there when I bought that were not on the program who paid maybe one months rent and then nothing for the three - four months it took for me to kick them out plus legal fees (Ny if its in an LLC you have to be represented by a lawyer).

There is a happy medium and I'd rather see a legal framework.

The last house I bought, was brought to me off-market by my agent, and it's seeming that off-market is the only way to get good properties without the MLS prices.I've recently got a nice business card printed up, and would like to start a direct mailer campaign, using BatchLeads to find multifamily properties in the local towns that I wish to invest in.I have a pretty strict criteria about what I'm looking to purchase at this time:-Legal 2-or-more unit large Multifamily (not required to be owner occupied)-Each unit should be at least 3 bedrooms (so if it's a duplex, it needs to be 6+ bedrooms)-Sewer (not septic)-Gas (not oil)A lot of this information is not readily available online, so once I start my mailers, I'm sure I'm going to find people who eventually respond, but that don't have criteria which match what I'm looking for.I feel like it would be a waste if I paid a bunch of money for direct mailers, and then someone reaches out to me to sell, but their house doesn't match the criteria of what I'm looking for -- I don't know anything about wholesaling.What can I do to monetize these leads, or is the answer is that I need to learn So we believe no lead is a bad lead.

As for a Home Owner Association (HOA), whether it needs to comply depends on its legal structure and tax status.

If they are legal dependent of qualifying applicant (ex., college student, dependent parent) then they still need to pass criminal background check.

However, your property manager should be able to guide you on legal options and solutions to secure the property and possibly help with claims for damages.

It is generally just to assure the lender that the property will cover the loan value in case of default.Now if you want an appraisal to put a value on the house for legal reasons, like a divorce sale, then I would tell the Appraiser the specific situation and request that he/she give to a true market value on the property.

Most are fine with that, but a few will have problems with it and claim there are legal issues, etc..

For them, the upside (rent growth and asset value) often outweighs the operational headaches tied to local regulations.Also, these larger firms often have the resources and legal teams to handle tenant issues that smaller investors might find challenging.