Since these indivulaes had already been given a free pass they were the perfect choice to charge and impose the highest penalty.It is the requirement of business owners to know and respect the laws, not the responsibility of legislators to advertise and teach business the right way to operate.

In Texas, unless changed in the last legislative session, it is 6 years.

@Matthew Ward, I currently do vacation rentals and I agree with a lot of people here, go for the house hacking route first.STR (Short Term Rentals) are great, but in my experience, you want to get one which the city has already passed legislation on and is open to them.

Federal legislation is paused (not being enforced by its)  for the $600 threshold. some states have separate legislation from a few years ago where this is still happening though. 

Joe Kaiser The state of Washington imposed a $3.2 million dollar penalty and forbid him engaging in RE activities in Washington state.Given all of the abuses of this method, many states such as NY State enacted legislation in response to protect homeowners, Home Equity Theft Prevention Act. 

Damn, @Jay HinrichsOregon seems to prudent to assist homeowners sell their property anyway they want to.Love the "right to die" legislation too.Now if you can get the automatic weapons out of the hand of psychologically unstable Oregon people....

“The idea with the new legislation is to streamline the process and get people with illegal suites to come forward and legalize them, now that it’s a lot quicker and easier to do it.”Hayes, who is a landlord himself, was a consultant on the pilot program, and has already reaped its benefits.

You're also one act of legislation away from losing your business model.

I'm excited to see what will happen with the new ADU legislation (accessory dwelling unit) that they passed and how infill developers will be taking advantage of said legislation.

Hi All,What are your thoughts on the new lead paint legislation that will take effect on Oct 1, 2020?