All, here's a clip of the law, "requires out-of-town landlords to assign to their rental units local agents who can be reached in the event of health or safety issues related to the units.

The pros: - not having to do a major renovation from out of state- easier to get a conventional loan since the house is livable vs. a distressed property (would need to pay cash, do a hard money loan, some other type of financing)- can get a tenant in quicklyThe cons: - you don't know how good the renovation is, could be cosmetic without addressing underlying safety issues (plumbing, electrical, foundation, etc). - a home can pass an inspection but once someone is living in it and putting daily stress on the house (turning faucets on, light switches, turning on heat/AC etc), things can start to malfunction.

The designated responsible party must be available on-site to address any issues as soon as one (1) hour following notification from an occupant, a city official, a code compliance officer, or law enforcement officer.Prior to the city issuing a certificate of registration, the vacation rental is subject to inspection to ensure compliance with: (1) minimum safety requirements under section 34.5-12; (2) minimum information requirements under section 34.5-13; and (3) to confirm compliance with Chapter 34.5 generally as well as any other applicable provisions of the Sarasota City Code and Zoning Code.The minimum safety requirements are set forth in section 34.5-12 and include compliance with the Residential Swimming Pool Safety Act, operation of smoke and carbon monoxide detection systems, and installation of fire extinguishers.The minimum informational requirements are set forth in section 34.5-13 and include, among other things, providing: (1) the location of the nearest hospital; (2) the non-emergency police telephone number; (3) the dates and approximate times of trash and recycling pick up; (4) the street address of the vacation rental; (5) the name and phone number of the designated responsible party or parties; and (6) emergency evacuation instructions.

I guess we have a little honey hole as we have 17 sales in my development currently .. however I think the paid for personal resi cant be understated for the safety and secruity of our citizens and our real estate market as a whole.

the social safety net is well established and many investors on this site profit from it..

Hey Chad, I think it would be worth it if you have a good safety budget.

Landlords can still have restrictions, but they need to be justified – like health or safety concerns – and properly documented.What Are the Primary Concerns for Landlords?

After some research it seems that this property isn't up to code and presents some valid safety concerns.

You want to preserve your retirement safety net.2.

I know Philly safety differ from block to block.