The city already has a strict permitting system in place for Vacation rentals, and it is quite possible they will further attempt to regulate vacation rentals. 

Will he be paid strictly a percentage of the profits or will he be paid for the work done too?

They were strictly going based on pictures. 

. – none of which is applicable when the LLC strictly engages in paper transactions without employees and a physical office. 

Or you could sell and 1031, however you’ll have to stick to a strict timeline with your next purchase to avoid the big tax hit.

I own ~50 student rental units and the ordinance for unrelated persons in my market is pretty strictly enforced.

So in Portland they have very strict renters laws favoring the tenants and it can be very expensive to get them out of a residence and what I’m wondering is how to negotiate that to my benefit with this seller.

Are you looking strictly in Miami, or any other areas of interest for you?

Lending requirements were not as strict as they are now. 

If residents are using more parking spaces than what is assigned, I would make sure you include how many spots each tenant is entitled to in their leases.If the problem comes strictly from poor parking practices I would consider putting in lines.