You are now the owner, once the state-specific procedures are satisfied.

. :) All of our property managers had a documented procedure for addressing accommodation requests.

Mostly thinking parking issues, people coming and going.One other time I had an applicant who is a massage therapist, again client visitations at home, I declined, because she can't provide income verification, so its either an all cash business and she isn't paying uncle Sam, also she wasn't licensed with the department of professional regulations so I was wondering if these massages are legit or she might provide other offerings that are questionable.Bottom line, do you guys prohibit business being conducted at your rental properties period, or is it a subjective rule based on how frequent or if it creates any inconvenience such as added traffic or parking situations to the building?

Now that I have experienced the inner workings of the committee I realized that the issue is the enforcement procedure.

They are searching rehabbed sold properties on the MLS and looking up investors/sellers/buyers with multiple properties and then performing an audit of their disclosures and to make sure painting procedures are being processed correctly.

When we were buying at auction, Foreclosure Radar was the standard operating procedure of anyone doing any real amount of business.

If there's still enough profit after you use that cost estimate procedure to make it worth your time, go for it.Be advised, if you find something during inspections on a HUD property, you can back out, but you will not get your deposit back.

My understanding is that you would not have to verify investors are accredited if you use this procedure, which would seem far superior to relying on Regulation D coupled with the requirement to have their attorney, CPA, etc. to verify that they are accredited if you publicly solicit.

Systems and procedures.

Better to have procedures in place that will help you easily transition from one tenant to another in the event that someone needs to break a lease.