There are thousands of pages on consumer protection laws and regulations that depending how you go about doing a subject to could be against these laws and regulations. so like most things - is itillegal - it depends.  

., income, credit score, rental history) to evaluate applications in the order they are received.Notify Applicants: Let each applicant know you will process applications sequentially and explain your timeline for review.Act Promptly: If the first applicant meets your criteria, move forward with their application and provide them with a clear deadline to sign the lease and pay the deposit.Move to the Next: Only if the first applicant does not meet the criteria or declines the lease should you proceed to the next application.By focusing on one application at a time, you simplify the process, maintain transparency, and mitigate any potential fair housing concerns.Lastly, since housing laws can vary by location, double-check Arizona’s landlord-tenant regulations to ensure compliance with any local rules about how applications are handled.Best of luck with your rental process!

Otherwise, if it was investor owned (not owner occupied) and under rent regulations before you purchased it those rules would still apply.

., the specific procedures laid out by the SEC in Regulation D.  

I just can't stand of regulations those are not possible to be monitored and just being there because of lobbyists.

To maximize returns, ensure compliance with local regulations, prioritize owning the land, and offer student-friendly amenities.

There are far too many regulations, the transaction is a much longer process, and we are talking about someone's biggest purchase.

A tax advisor specializing in real estate can help you navigate deductions, plan for 1031 exchanges, and ensure compliance with ever-changing regulations.

As for Alexandria specifically in terms of regulations don't take advice from a public forum - look up the laws yourself and make sure you understand them.

I would not touch Denver county with a 10 foot pole because of all the regulations they have in place.