Seems to be full all the time with nurses and therapists and legislative aids...oh my...

We don't trust our police, don't trust our state legislators, don't trust our president, don't trust our school board, many don't trust our mayor. 

Any rental property owner should always belong to their local property owners assn, if only for legislative updates and connections in the landlord community.The Worcester Black Diamond is more broad based, and has topics of interest to all kinds of real estate investors.

Other states (see also NC proposed bill to outlaw institutional landlords) have had similar legislative proposals, but I'm not aware of any being passed. 

In addition, there is typically a "default" lease in the residential tenancy legislation which comes into effect if there is no written lease.  

Bankruptcy legislation in Canada is different.

While we do not {yet} have legislation akin to the recent U.S.A. 

.• Down Amount: $30,000• Debt Service (PI): $600/MoBelow is a (oversimplified) formula for estimating cashflow assuming 100% occupancy, no maintenance, etc. in order to keep the numbers simple:Cash Flow = Rent x 12 - DebtService x 12 - PropertyTaxRate x PurchasePriceAnd, to take into account state taxes:Annual Cash Flow = (Rent x 12 - DebtService x 12 - PropertyTaxRate x PurchasePrice) x (1 - StateTaxRate)For Austin: ($1,000 x 12 - $600 x 12 - 1.9% x $150,000)x (1 - 0%) = $1,950/YrFor Indianapolis: ($1,000 x 12 - $600 x 12 - 1.07% x $150,000)x (1 - 3.4%) = $3,086/YrThe lesson is that while ROI is a good tool to compare properties with the same property tax rates, income tax rates and real estate legislation, it is not a good tool for comparing properties in areas with different property or income taxes or different real estate legislation.In summary, while the current ROI is important, you need to take a long term view of the areas in which you are considering buying properties as well as considering other factors.

Recent flood insurance legislation has me thinking that is a horrible idea right now as I think there will be major changes.

But the old method of buying a fixer house with a hard money loan, living in it while fixing it up, etc, has been killed by the recent legislation.