I am also not familiar with California rental laws so be sure to check with someone more familiar with local laws to ensure you remain compliant with those laws. 

Deal details: $800k pp, 1.5 back end high seasons jan to April 15-25k, low seasons 8-10k Yeah most cities will use their code enforcement department to give you notices to be in compliant.

He literally puts himself in the shoes of not only the plaintiff of any possible case, but in the plaintiff's attorneys shoes showing how no attorney would even likely pursue a case with a properly structured LLC in anonymity compliant states and how certain states offer charging order protection.  

You need to hook up with an attorney who regularly represents hard money lenders - you need to make sure your loan docs are compliant with state laws and are binding on the borrower. 

They're anticipating a pull back in the market and are looking for safe cash flow opportunities that are 1031 compliant. 

Major plus if they’re already ADA compliant.

Hey @Asim Purses - The fact is your porch is likely not code compliant (which most old Chicago porches aren't). 

@Nadir M. many PMCs post samples of the management contracts on their websites.So, you can download a bunch, sort through them and then cut & paste what works for you.You will still NEED to have an experienced real estate attorney review for final approval to make sure its compliant with state and local statutes. 

The attorney can also then assist you with creating the following compliant with all federal, state and local laws:1) Rental Application2) Lease & Pet Addendum3) Renewal documents4) Nonpayment Warning Letters5) Eviction Letters & Notices6) Legal Entry Notices7) Security Deposit & Release of Liability Letters8) Vendor Contracts with insurance and other requirements9) MoveIn & MoveOut Procedures to Share with Tenants10) Etc.Hope this helps!

So everyone is asking for the new 2023 version because the 2022 version is no longer compliant