However, strict compliance with IRS rules is essential to avoid penalties and preserve the tax advantages.Best of luck with your investment!

I think it was the BRexit vote that triggered the rush for the door.

Honestly it’s all about opportunity cost.If that additional cost is going to yield you more than it costs; then pull the trigger .If you borrow a down payment, it’s going to reduce your cash on cash return as your mortgage payment is increased. 

We wish you the best in your housing search.Sincerely, [Your Name/Property Management Team]---This phrasing keeps it professional and avoids specifics, which can be helpful from a fair housing compliance standpoint.

Quote from @Thomas McPherson: Watch for UBIT tax some income types can trigger it.I had a long conversation with an attorney that sets up SDIRAs.  

**CO and Inspections**: Since there’s no CO or inspection requested right after the sale, the township may not become aware of the new ownership until the buyer initiates action, such as applying for a CO after repairs.In summary, while the deed recording updates ownership at the county level, the township may only update its records when triggered by actions like CO applications, tax data updates, or buyer-initiated notifications.

Consulting with a contractor or local building official is advisable to navigate compliance with safety requirements while optimizing your renovation project effectively

This form, completed by both you and the tenant, requests HUD’s approval of the tenancy and triggers the inspection process.

Also just knowing the area they are in to see if its worth pulling the trigger on.

Potential for Permit Revocation: Non-compliance with noise ordinances, occupancy limits, or HOT reporting can result in permit revocation.