@Thomas Garza some companies, really large ones, have vested interest in politics. either through potential legislation, or financial backing. 

These costs have already resulted in PMs that serve smaller (less than 25 homes) HOAs to go out of business.The fees, business costs and government involvement would be more tolerable if the law accomplished its’ intended goal of consumer protection.However, the law is vague on the most simple demands and accountability for property managers: 1) there are no direct statements mandating PMs comply with all State laws and an HOA’s governing documents 2) no direct statements that require PMs to advise an HOA when they observe non-compliance with the law or to report to DORA when such advice has been ignored and violations continue3)no direct statements that hold PMs accountable when they carry out requested actions of a Board that are in non-compliance with the law or an HOAs governing documents 4) no mandates for PMs to provide home owners with a detailed explanation or legal justification of fees and assessments (such as the HOA Transfer Fee) they independently impose and retain and 5) no requirement to explain and justify in detail all PM fees in their contracts with the HOA.Repeated requests to DORA (Department of Regulatory Services) and legislators from Colorado’s largest HOA home owner’s group, Colorado HOA Forum, to include these simple specifics have been rejected making reform and enforcement for home owners very difficult.Legislators also refused to include in the Law assistance to smaller HOA PMs by reducing their licensing costs and requirements.Licensing also witnessed an unprecedented and disturbing legislative act.The Law contains language directly promoting a private entity’s (CAI) sales products and educational courses.It also allows the industry that is to be regulated (CAI) to develop and complete State educational, testing, and credentialing requirements none of which have been officially reviewed or approved by the State.Then there is the missing legislative mandate in licensing rules to address meaningful “full disclosure” of all fees and assessments on home owners by PMs.Specifically, the HOA Transfer Fee that cost HOA home owners millions each year will continue without any limits or justification.DORA decided a one-liner on home closing documents with no receipt and/or detail of charges is “full disclosure” of this fee.Legislation/licensing that is crafted by the interest group to be regulated should be disconcerting to home owners and businesses.The CAI has dominated the PM industry and HOA legislation in Colorado for decades.Their influence and leadership has led to the need for licensing and reform.July 1, 2015 was to be a good beginning on reforming the abuses in the PM industry but HOA home owners will sadly see little change.

Lease options over 6 months in duration are illegal, but that's governed by state law, not the federal legislation you mentioned.  

Also, Google or bing, your "state and purchase contract or state and offer to purchase contract" to see if the state's contract is available online.Also, when using a Realtor, Real Estate Attorney, or Title Company ask the questions concerning the closing process that you are uncertain about. 

The fact that they tried to hide it from you makes matters worse.At a glance, a $6k rehab sounds really low (most "typical" rehabs are $20-30k), and the spread between your purchase price and the ARV seems really tight - especially if you are uncertain about the rehab costs and the ARV.With regards to your questions:1.

Hello BP Fam,I have seen the name advertised on BP podcasts time and time again, though am uncertain as to what it really is.

The "The" was actually part of the state legislation when the university was renamed in 1878 and is commonly used when referring to Ohio State.

This problem is vexing the entire state because business are getting more and more reluctant to move here because they are uncertain what their tax burden will be like 3-5 years from now.

I'm still a little bit uncertain about starting higher and then dropping the price in regular intervals.

Many states have legislated away the anonymity of the so-called "transfer of beneficial interest" by requiring notification (including to your bank and to the tax assessor) in order for it to be legally binding.You do not put individual properties into a trust, as that creates potential inside liability for the trust.