Hi folks, this has been all over the news and social media so I hope it's not a surprise to anyone but I just wanted to cover all the bases.Due to legislation spearheaded by the RI attorney general earlier this year, there is a new RI rental registry in place that requires all rental unit owners (even short term rentals) to register every rental property and rental unit in the state of RI, by October 1, 2024.The website is www.rentalregistry.ri.gov and you will also need to upload a current lead certificate ("Certificate of Lead Conformance") for each rental unit.The demand is so high that lead inspectors are currently booked out into November and December, so I hope you already have lead paint certs for all your units.

You can report it to your state AG, but if there's no wholesaling legislation on the books in this state, then it's purely a contract dispute.

**Exit Strategy**: Make sure you have a solid plan to refinance or sell the property before the loan term ends or in case the lender enforces the due-on-sale clause.Being diligent with these aspects will help avoid potential pitfalls in your first Subject To deal.

Wondering if anybody has done something similar through this legislation before.

Whether your clause will be enforceable is another matter.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

Legislation is pretty clear in on priority to keep safe unpermitted units.  

Changing legislation, primarily at the state and local (county) level, I think, is one of the biggest reasons for cancellations in NC and VA.

Florida condominium associations are currently navigating significant challenges due to recent legislative changes and rising insurance costs.

The due on sale clause will be the biggest worry, even though it's uncommon for banks to enforce it, they have the opportunity to at any time.