The HOA is now asking me for my "Village Rental License" - does anyone know what this is? 

@Chad EllisTwo duplexes in southwedge (Oakland Street and Cayuga Street)Three duplexes in North Winton Village (2 on East Main at Winton and one on Marion) One triplex in Park Ave (Rutgers Street) One SFR in BrightonOne SFR in Pittsford (still own it!) 

need to know the purchase price you're looking at 1st.stay away from warrenties; waste of $.be careful when considering you'll profit $1000/month. there are vacancies, nonpayment from renters, evictions, tenants trashing the place, paying for the water bill (if you're responsible, which is often the case when only 1 meter on a multi unit), village permits/licenses, attorney's fees (with your $, you want to start an LLC to protect yourself from a lawsuit). look up on here the 2%/50% rule & do your research. great tool to start.but you're in the driver's seat right now for buying rentals. better COC return than most other investments, if you know what you're doing & get lucky.

The 1st shows were excellent...like saying they had to pay the lawn fines from the village...that's the stuff people don't know about at auction purchases.

not sure in your state but here, around $2500 + if there's a village transfer fee (a "welcome to my town" BS tax) which is a % of your purchase price.

You really gotta know what your doing especially your rehab costs/village ordinances/holding costs (including how long to hold it before you find a renter)/refi costs; closing costs & what it may appraise for (a real estate agent can help you with this).It's a big man's (& woman's) game but you can do it with a ton of education; stick on to here; they will help you more than the book.

Spousal abuse is high in the Native villages here in Alaska, due to the high previlence of alcohol abuse.

"The unshod children of the village cobbler ..."

a transfer tax should actually be called "the village wants your $ so they can continue to fund their employees' pension & waste $ on useless programs" stamp.

The village code requires wired alarms for each bedroom (this rental has four) & will need 2 combo (C02/smoke) in the halls.I've called a couple electricians.