@Rob Badhorn -- Unfortunately, this might about to change: RENTAL ALERTTues Jun 14th 2pmTHERE’S LEAD PAINT INSPECTION ALERT TO ALL RENTAL PROPERTY OWNERSYou won’t be able to Rent, lease, mortgage, or occupy our rentals… Without $600 inspection, $10K to $30k abatement & being added to the state& fed LEAD DISCLOSURE LISTCity council will introduce LEAD ABATEMENT IN ALL RENTALS.

No matter how good, big, successful, wealthy you are, you always need good council or coaching.

Or legal council as mentioned.

@Pawan Johar  The City in many areas have bylaws for a min 30 day rental, strata councils have tightened up their rules in many cases banned short term rentals entirely.Our Vancouver properties would not be cash positive it we were paying today's prices, I have been thinking about selling them and doubling down in another market.

The people you should call and ask them where to be depending what your goals are are experienced people in the Chamber of Commerce, building officials, City council people, and newspaper people.It is not the place to consider because of the current conditions that have helped the values and they will decrease some day as long as you are looking at long term returns.Good luck to you!

At the beginning of seminars, they usually have a screen to support their pitch, it will most likely flash a disclaimer for a few minutes as to their information not to be taken as legal or tax advice and tells you to seek proper council, I doubt 5% every go seek professional council over the materials taught.

I encourage you to seek council with your attorney and/or tax accountant in order to fully understand how owner financing would affect your specific situation, and if it is right for you.

In addition, the City Council has just announced that they're rolling back the most onerous provision of the FAIR Ordinances (removing the requirement for owners to create depreciation schedules).I work with a number of first-time investors and getting started is all about with a great agent - like @Brad Hammond - and zeroing in on micro-market you want to focus on.

Go to local alderman office and ask if they’ll allow it - old Chicago way)-Neighborhood groups -City of Chicago Zoning & Planning / building & permits-City Council More common than 2 flat ( bc they’re trying to preserve those since tens of thousands Have disappeared into houses or condo) empty warehouses have been converted to storage like at corner of Ashland/Elston/Armitage and Ashland/Elston/Cortland

@Christopher Blanco  well that will keep the riff raff out of shaker heights and I am sure that is why the city council or whatever you call them there enacted those ordinances.Here on the West coast are major heart burn these days is in new construction permits.Low of 25k per house.. and were I live in Lake Oswego can be as high as 75k with 50 to 60k average.So add that one to the 50 to 60k a lot it cost to just develop a bare plot of land... and that does not include running the services.. so we are at about 100k per lot before you put a stick in the air.. so people wonder why houses are so expensive here.. we build for 90 to 110 a foot not including these items.. so its not the building costs its land and city and govmit fees that drive prices so sky high.But on existing homes.. there is no inspections required unless your doing elec. or plumbing. if its just selling an existing home that no work was done on.. then the only inspection would be from the buyer at their expense .. as their agent advises them to do..