Any entity, as herein described, which is associated in any manner with a landlord who has been subject to a revocation under this Ordinance shall be deemed ineligible during any such period of association.The full ordinance (7 pages) for anyone interested is here: http://morethanthecurve.com/wp-content/uploads/2013/06/residential-rental-ordinance.pdf

We invest in an institutional manner and we deal with this concept every day.

. - We started our company in much the same manner as the statement you made above.

The purpose of starting this thread is to hold myself accountable and to get support from the members here at Bigger Pockets because I know how much you guys love to help.I've done hours and hours of research and listened to just about every podcast imaginable (Sean Terry, Todd Toback, Mark Whitten, etc. and the list goes on) the only thing left is to take action and sustain it this time.

I want to be able to reach my manager within at least 24-48 hours (obviously weekends excluded unless emergency), be able to rent out my place in a decent timeframe, knows the market, experienced, sends me monthly statements in a timely manner, has a good business history/references and does not try to overcharge for repairs or nickle and dime me (administrative fees, filing fee, rent deposit fee) and so on.

There are 10 Hotspots...http://www.inman.com/reports/global-buyers There is an association you need to check out for resources...Asian Real Estate Association of AmericaFounded in 2003, the Asian Real Estate Association of America (AREAA) is a nonprofit professional trade organization dedicated to promoting sustainable homeownership ...areaa.orgWhile here check out 3 different local REI club meetings, connect in advance with the President and vendors listed to get going.Go to a couple of landlord association meetings, look for distressed owners.Remember you are here to build your team, realtors, attorney, inspector, property manager, bird dogs.Follow below to get a better head start on the REIA meetings.Paul

See how many that support your idea to form an HOA now later will not support the idea when they learn the amount of dues required to sustain the monster.

What exactly would you sue him for, bad manners?

You will give away some profit however after doing a few successful deals in this manner you should have enough capital earned to enable you to do it all by yourself if you choose to on future deals.

Few workings supporting more retirees is a bad mix for long term sustainability.