Source: Insurance - ValuePenguinNo rent control: Some states and metro areas have implemented various kinds of rent control.

When deviations occur from initial business plans in real estate syndications, is there any legal recourse to consider and if so, what strategies does one implement, if any, to help mitigate it?

I have seen that law and practical implementation are sometimes different.

Came back 4 years later to comment on another posters response and see this correspondence....Not sure if you ever got back into Probates, but I've been targeting for 10 months now....Primarily through direct mail...admittedly need to implement cold calling....but looking to systemize....love to connect if you went on to pursue probates again.

It really depends on what strategy your trying to implement as some areas are better for STR/MTR then long term and vice versa.

One of the principal industry concerns about the vast power granted to the Consumer Financial Protection Bureau was that these powers were too insulated from review….The ruling sends a crystal-clear message to federal agencies that their powers are not unlimited…We would not be at this point today if government agencies were more prudent and consistent about staying within their statutory authorities, grounding their rulemakings in empirical facts, and heeding appropriate procedural safeguards…Instead, too frequently, our regulators appear to be chasing headlines and short-term political wins.”National Association of Homebuilders - “Today’s Supreme Court ruling is an important step forward to advance meaningful regulatory reform because it means that federal agencies can no longer continuously change the law – and the intent of Congress – by implementing their own interpretation of statutes as long as the interpretation is viewed as being ‘reasonable.’

How long will it require to implement your business plan and rent / stabilize the property? 

We have been starting the process to get these houses rehabbed but the program is not implemented in every municipality yet and it takes time to go thru the courts.    

You mentioned you are involved in things in other countries, why not share some of the things you see they are doing that are really good measures and could be implemented here in America?

Est After repair value 1.3mOther large scares: Many of the homes would have code violation issues, many have foundational issues (although my team is accustomed to fixing). no current city inspection but what happens when they implement code inspection department in 5yr 10yrs.