For example, if the area is rural you might wish to have the house inspected, the well tested, and the septic system inspected by separate services.

I guess we will find out when the implementation of the new law occurs and then is tested in court.Nevertheless, written documentation will be your friend.✅ Secondly, good cause has a max cap on yearly rental increases at a certain margin above CPI or 10%, whichever is less.For those of you who own stabilized, high quality housing like we do, this shouldn’t be a problem.But instead of keeping rents flat because you are a nice person or increasing just a little bit, you could get yourself in trouble when it comes to funding future major repairs and capital expenditures.As long as you are increasing to what the market will bear, you will be in good shape.Also if you are looking at purchasing blighted, dilapidated housing with the intent of raising rents and financing improvements to the property, you will have to take this into consideration and buy accordingly and on in place rents not projected rents.On the implementation side, however that pans out, you might be able to get these necessary rent increases to finance repairs but you may need to go to housing court in order to get the green light but we are just not sure at this point and remains to be seen.✅ Thirdly, in regard to objectionable tenancy and nuisance caused by disruptive tenants, you will need to document these violations with undeniable evidence.Because police reports are not usually able to be procured due to disturbances like drug trafficking or domestic violence, you’ll need to take matters into your own hands on producing that documentation.I recommend getting security cameras installed in all common areas and outside your properties.I’ve used SimpliSafe security cameras but you’ll need to install WiFi service at your properties so that you can maintain recordings in the event of violations and add to your lease that any tampering with said cameras constitutes a lease violation as well.This is still developing and once we get further clarity, we will host a round table with legal experts on how to best protect our properties and residents.

Preferred returns would even be acceptable but not a straight interest rate play if the lender understands the structure. 

If anything, when you accept rentals in the higher-end neighborhoods, the rent rate exceeds the voucher limit, meaning the resident has to have their own income in order to qualify.

I accepted a tenant into a B class rental a few years back who was making low 6 figures at the time as a union boiler-maker but had NO CREDIT SCORE!

I invested to test out the process in the short term, as it was supposed to "mature" and be paid off in March 2024, and here we are in December. 

When I read the bank would accept 91k I understood that to mean that was the 30 day payoff amount on the mortgage.  

The property passed final testing by the county health department.Is this anything I should be concerned about?

We are looking for 3 year lease if that is acceptable with you.My initial reaction was to decline this offer.

You just need to accept a principle of delegation that there will always be things you would do differently then they do.