Obviously, legitimate wholesalers, who abide by our forum rules, use the messaging systems appropriately, and do not pretend to be investors when contacting professionals in our network, are welcome and encouraged to carry on.

If you hired an agent or a broker to work with you, you'd be covered - but regulations & laws vary from place to place.Screening is best done by establishing a set of guidelines to qualify applicant tenants, then sticking to those rules to avoid legal issues (and for your own sanity).

Second, I'm a rule follower when it comes to permits.

Mind Excess Business Loss Rules.

By the way, 3 of the 4 have been rented since I owned the property so yes I suppose the 75% rule could apply then.

Raising money is easy; managing assets is hard.

There are plenty of ways around an HOA but they tend to break the rules that you committed to following.

The odors are not always easy to eliminate within the normal apartment turnover routine.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

@Bryan Cavellier While you certainly can do that, there are different state rules and laws to be aware of.