Anyone else hear of passed legislation mandating the property managers in addition to property owners are now responsible financially for any repairs not done on properties, taxes not paid and rental certs not submitted/paid for, lead based paint fees/apps and required work, HVAC certs every year and proof utilities (water/sewer) as paid, and general compliance matters?   

Need to find a good hard money lender to help fund the acquisition and rehab for the property.Are we squared away financially to refi out of the hard money loan using conventional financing?

It's a large financial investment; hence I'm performing my due diligence....something every savvy investor would do before making a deal.  

If Y remains independent, any legal or financial issues it encounters won’t directly affect the parent LLC (X).

They didn't have all the real estate books, blogs, YouTube gurus, financial calculators, etc.The best thing you can do is buy a house and educate yourself on how to manage it well.

@Ryan MillsapHi everyone, please don’t take this as financial or investment advice.I develop properties and have a rentals here, and consider myself pretty savvy with the Jacksonville code.The reason some OP’s are running into code violations, is due to the Avondale/Riverside (RAP) overlay.

Even though WE are NOT originating a loan here; it would be the EX-Husband who would be "originating" the Loan (by taking back the Deed of Trust and Note) in order to SELL his 50% interest in the house, the TIE IN is with our BUYING or INVESTING in the purchase of the DOT and Note to generate CASH to him, and CASH OUT to Her is wherethis becomes a "Gray Area" of whether it violates any of the CFPB Consumer Financial Protection Bureaus requirements and could be re-characterized as a high cost LOAN IN DISGUISE ALTERNATIVE THINKING We are thinking a better way to go here IF the EX-Wife agrees; it to SELL the house NOW, pay off the EX- Husband and enter into a 3 year LEASEBACK with the buyer of the home. 

Curruthers’ insights reveal that the strength of an empire is not solely determined by financial success or market dominance, but rather by the quality of the relationships that underpin it. 

Get your financial documents in order first.

My wife and I are 28  year olds, living in Southern California and we are starting to create our financial freedom portfolio in real estate.