Governing documents, and in your case, proprietary lease agreements can be vague and open for interpretation.

I see that you are local to me, and I can assure that all government office do not check the more accurate resources for ownership information (Clerk of courts or Comptroller) which means you could be missing some important info.  

"However, I do believe the way many wholesalers work could be considered illegal.Putting a deal under contract, marketing the deal all over Craigslist, and then assigning that deal is a fast way to get fined by your state government and get a nice misdemeanor on your record!

@Talmadge Lawing,A point to remember about LLCs is that any dealings with properties acquired in them will be governed by the laws of the state where the property is located, regardless of where the LLC is first registered.

And the state government, universities, and hospitals in Albany are never going anywhere, so stability is built into that market.  

We have the 2nd highest Gas Tax in the lower 48.The Governer is trying to put into law, a tax on the amount of miles that you drive each year.A recent poll found that at least 50% of the Residents would leave this State if they could find a way.Raymond

Hello James,I am not sure if it was mentioned here or not but Section 8 tenants are backed/insured by the government as far as damages go.

Living and investing in a high and hot rental market as in Toledo, OH, a new local city government trend to cash in is "Lead Inspection".  

The government by manipulating markets to keep interest rates are creating artificial market bubbles.Subprime was just the instrument for money to circulate into the real estateHedge funds are the new instrument that replaces the subprime.

The above two mentioned government interventions in the market killed those type loans.