That is a question for an attorney, which they could potentially get in trouble which could be fines from authorities buy my guess is it does not provide you a "get out of trouble pass" as you may have also committed fraud if you executed agreements which were false. 

After half a lifetime of working and saving and investing in index funds while renting, im ready to make the jump into a new asset class.Looking to owner-occupy a multifamily in the city of philadelphia and hopefully pass a portfolio on to my kids someday.open to any and all advice!

Singapore passes a law recognizing bitcoin as property Brazil is expected to pass a similar law during the 2nd half of this year

For example, my ad will state whether we accept pets, that we want provide income around 3x the rent, and that every adult must pass a credit/criminal screening.

Another issue is the gas station includes a liquor store so opening a new company to buy out business would mean losing the age of liquor license which may be beneficial in the future if they pass a law on permitting more liquor licenses to existing holders. 

The law never intended to prevent wholesalers from assigning a contract (the fact that it's not illegal is the only reason they want to pass a law in MD to outlaw it, like they did in SC and IL, and some other states).

Make sure the property will pass a Section 8 inspection without too much trouble, as these inspections can be quite thorough.Realtors, Inspectors & Contractors: You want a team that knows the Section 8 process well.

The people in the WSO are pretty tough on the LPs and perhaps that is deserved but I think we need to help LPs by getting GVT to increase accredited investor standards, both $ net worth, and perhaps requiring people pass a basic financial knowledge proficiency exam, just WOW, i'm sure Ashcroft isn't the only one.....  

WA, for example, requires that you take 20 hours of state-sponsored classes and pass a state-sponsored test.

If they pass a strict grandfather rule where any sale loses their right to STR, the buyer may still face problems (which is also a part of their due diligence, but I would be honest upfront).