□Does your lease form comply with the Landlord And Tenant Relationship Act, the Truth In Renting Act and other State and Federal laws?

I thought this was part of the federal ADA which would mean that this would be true no matter the state but perhaps I'm wrong.What I'm learning is that it is always best to treat tenants, vendors, contractors, etc as calmly and even handedly, as possible.

Rachel Imhof Wow, so thorough and so great post, I could not agree more with #4, we have government contracts and when you say “we remodel government buildings” the usual reaction will say “oh that’s good money right there”, it is not, we spend efforts and spending a ton of time and money before and after a contract, chasing them and failed bids, then government tells you how much to pay workers, then there’s always that oops factor.

When we first started, we toyed with doing C-tier rentals but quickly abandoned it because the reality is so much different from what looks like amazing 'government guaranteed' cash flow on paper.

Is it a federal law (perhaps a federal code that I can look up)?

For a "conforming, conventional" loan (loans governed by Fannie Mae and Freddie Mac) they will use potential rental income for a purchase. 

Since your sister received a loan to purchase this property she would need to wait 6 months to receive a 'conforming, conventional' loan (a loan that is governed by Fannie/Freddie). 

In 2015, we qualified under Tier I of the federal Regulation A and were enabled to offer up to $20 million in nine states.

IRS liens are subject to Federal law which preempts state law. 

Not a huge deal, but it's extra paperwork.Just in case you're thinking of breaking it up into smaller transactions to avoid the paperwork, you should know that that's a federal crime called "structuring", so unless you want your cash seized under the civil forfeiture laws, don't do it.Western Union used to allow agents to print out checks in lieu of paying out cash, but as far as I know, that ended about 5 years ago.