I've been interested in real estate since Carlton Sheets but never pulled the trigger. 

@Karl Kauper going to guess your current PMC:1) Is having too many tenant nonpayment issues for your likingAnd/or2) Refusing to share their background checks with you, so you can make your own approval decisions to address #1 above.Several factors may be at play here that you may want to consider before being trigger-happy:1) For several legal and contractual reasons, it's pretty much NOT possible for a PMC to share background checks with an owner. 2) What Class of property do you own?

Don’t give them the address of the property as this might trigger an event that will cause change.

But, when it comes time to put the deal together and pull the trigger: work with a seasoned real estate attorney with experience in structuring seller carry deals and writing thorough docs that cover your interests, especially with the "what ifs?"

Follow up and ensure the loop is closed quickly.When you call the city ask what triggered the visit.

I think @Steve McRory 's take on the Daytona Area is too harsh. 

But we live in an imperfect, often overly-litigious world where many people have problems with alcohol and could be triggered or even be at risk of ending their hard-fought sobriety by the unexpected presence of a bottle in their living space.

It is amazing all the folks that want to do this but just cant pull the trigger . they will pay a guru 10 to 20k or more and have no funding..

GFC was due to naive/lazy nurses/teachers/cops/fire-fighters and anyone else with a pension, not deploying any Due Diligence and just letting their greedy pension managers get billions in fees to invest in crap MBS and synthetic CDOs, all else by banking and ratings agencies and real estate investors just followed like trigger/hammer/powder/bullet down the pipe.

This is because collecting rent is often seen as passive income, and the state may not consider this "doing business" that would trigger the registration requirement.However, states like California or New York may have specific rules, so it's wise to check state-specific requirements.Active Income (e.g., House Flipping):Active Business Operations: If you are engaging in activities like house flipping, property development, or property management, this would likely be considered active business operations.