I am not trying in any way advising to time the market I am just making a point. 

Met the tenant and advised I'll be raising the rent to $850 if she wanted to stay.

The SEC attorney I've been working with advised that I would just need to disclose in the PPM that 100% of the capital would be used by my LLC.

I would advise anyone seriously considering buying a laundromat to bring in a technician to do due diligence with you.

Building department can advise on specific next steps - municpal hearing and presentation of plans will be required in most cases. 

I consulted with a real estate lawyer a few times this year who said it's very hard to sue for negligence and they advised against taking legal action, especially since the property manager at least followed through on the eviction and repairs.I've now asked the property management company to apply a $4k credit for all the challenges I've had working with them.

Obviously, each bears certain risks, and usually the agent would advise on these topics in the beginning.

If he doesn't qualify, advise her that she has to 'cure' the illegal occupancy immediately or be subject to eviction. 

It’s never as simple as it first appears, which is why we always advise our clients to let the math guide the choice.

@Jill KellerI personally owned and managed several rental properties, mainly one family, 3-families and been advised by a number of attorneys through the years to forget doing LLC's.