I can't see the seller in this situation IF they ran it by council giving you the green light.. they should just keep it as a rental and call it a day.I did a LOT of sub too in Oregon and Washington prior the equity stripping laws coming into effect and I bailed out a lot of newer investors who thought zero or neg equity wraps were a good thing.I only buy these with significant equity so they can be liquidated if needed with everyone getting whole and or we are in a position to stroke a check to payoff underlying if need be.

You need boots on the ground for certain, as well as, zip code specific demographics on market cycles and trends in each area you explore, check with the Economic Development council locally aware of development in the area and future plans.  

I have 19 years in construction project management and property management (British & Canadian experience). 

My dads friend lives an easy lifestyle as a landlord and successful investor. I think this lifestyle sounds great!

Ask to be put on the schedule to discuss an issue with the City Council at the meeting concerning difficulty in getting a COO:City Council Meeting - Nov 9 - 7:00 pm - 9:00 pmThe squeaky wheel gets the grease, sadly sometimes we have to become a squeaky wheel.

In my view, there is no way to constitutionally enforce this rule but there is no pressing issue for the city council to delete it from the books.  

@Tiffany Kung - I'm not investing in Seattle, it's not in my wheelhouse, and I don't like where the city council is going with all their crazy ideas.  

B.C. Finance Minister Mike de Jong announced new rules Tuesday aimed at ending the controversial practice of 'shadow flipping' by eliminating a means for anyone but the seller of a house to profit from real estate con...

It then goes to city council and gets approved or denied.  

IT MIGHT BE A GOOD IDEA FOR YOU TO CONSULT AN ATTORNEY ABOUT THESE ORDINANCES.I think what we investors need to do is start calling, writing, and/or going to the city council meetings and DEMAND that they repeal the ordinances for that and just get rid of the whole Cleveland water dept.