don't know but Oregon is quite strict in fact you need a developers license to rehab and resell homes .. even if your only doing one a year.. you can only work on homes you owner occ if its to be resold to the public you need a GC license for a developers license..

I am strictly buy and hold; anything I buy today has to be really appealing-not going to gamble on any dogs or overpriced queens at this stage of the market-and certainly not counting on any appreciation for the next while.

If you're interested let me know because BP is strict on what I can share.Hope that helps,Chris PRe

@Nick Leamon first of all make sure this "vote" has been and is being handled with strict adherence to the covenants.

We've grown substantially over the past two years and just until the past month we grew strictly from word of mouth (as well as a lot of good shoutouts on BP). 

It's a personal decision based on a lot of factors. if you purchase one rent-ready or cash flowing, you do so based strictly on your whatever your personal investing goal and style is.

Municipalities have ordinances on the books, but getting them enforced can be a challenge because code enforcement people are understaffed and the police have strict rules they have to follow when responding to complaints.

If you are talking strictly just the plumbing costs (no sheet rock, mold, or flooring costs), then you should easily be able to do this for under $5k.  

As for the state of Alabama, the courts have stated forfeiture provisions are not favored but will be upheld when the lender-borrower has actual or constructive notice that strict compliance w/ the terms have been established. 

For me the timing and the numbers just never made any sense here so the choice for me to invest out of state was an obvious one.If I could give any piece of advice to someone looking to invest out of state it would be to not do it strictly on your own.