If the paint does test positive, you'll need to follow regulated procedures to clean it up (or contract it out).  

I did not mean that Section 8 should be treated differently, I added that info in case there was some regulation that I am not aware of that may change people's thought process. 

All its going to take is one or two very bad, very public deals and then there will be a lot of regulators looking at it very, very hard. 

@William Brock I can't say specifically how well these do, but we have lent on numerous VRBO type properties on Canyon Lake recently, and those borrowers seem to be doing well, so other investors are doing just what you're talking about, for what it's worth

Hey Lars, In Cleveland, while Class A neighborhoods offer potentially higher rents, achieving positive cash flow can be challenging due to higher property prices and stricter regulations.

When something is optional, the IRS code or regulations specify a method of electing out.

It keeps things simple and aligns with the local laws and regulations that directly impact your property.

This is essentially giving you some of the cash from your improvement (presuming they are significant) , as well as a steady stream of income into the future - which helps you long term in numerous ways.  

The courses you see hawked online worked 5 years ago almost anywhere but that has changed due to saturation and regulations that are now in place or coming soon. 

Central air conditioning offers numerous benefits, including increased energy efficiency, improved indoor air quality, and better overall comfort for tenants.