Legal Compliance: Navigating landlord-tenant laws can be complex.

They'll have it publicly too.Decide if you can stomach non-compliance with a tenant in these scenarios.

In April 2024, I finally saved enough money and pulled the trigger.

In Pennsylvania, an attorney isn’t required to send a Notice of Default (NoD), but it ensures compliance with laws.

As an owner-occupant living in one unit in a multi-fam, you will have more leeway in who you can and can’t accept according to the law, but it’s always important to be aware of the rules to make sure you stay in compliance because you want to avoid having to defend yourself from an accusation.

So, I'm challenged right now finding a property that will cash flow well enough for me to pull the trigger.

Consider your compliance costs especially for CA.   

The assignment agreement addendum was signed a few weeks into escrow.I was not worried that this would trigger the seller to back out.  

Alternatively, consider a cash-out refinance to access equity without triggering capital gains or explore a 1031 exchange to defer taxes by purchasing another investment property.This post does not create a CPA-Client relationship.

In the end, the weekend after the fed announced the first interest rate drop, we had an open house that had more traffic than our opening weekend 3 months earlier. we received a full-price offer for the house and closed in early November. obviously I have no way of knowing if the interest rate drop was a trigger, but nothing else changed in the market at that time. just wanted to share in case others are curious. appreciate all the thought partnership!