Failure by the owner to comply with any part of the law is an infraction that can result in a fine of $200.00 per violation.Full article here: http://www.aoausa.com/magazine/?

It is not a top tier city nor will you find it on the top of the, "coolest cities to live in this year", by hip cool magazine.  

In addition to regulatory liability, there is lawsuit liability for exposing people (employees, tenants, neighbors).See my consulting company's web site news Section for some of my published magazine articles on these topics.

I've got (I think) pretty high ethical standards, and would want/need to stay away from any aspects of the business that are a bit 'shady' (using illegals for labor, cutting corners on building codes, questionable methods of evicting tenants, etc...)At a higher level, I'm concerned that the glamorization of real estate investing in general in the last few years, and rehabbing/flipping in particular the last year or two (via TV shows, magazine articles, etc...), combined with an overall sagging real estate market (albeit less so in my area), may mean that now is a poor time to get into this biz.

If you have a Homes Magazine for FSBOs for example, just a lising magazine where buyers contact the seller directly, the publisher must have a brokers license, so the question is, how can you advertise, even on the internet, for others without a license?

It won't be easy to find another deal, and maybe I won't find one, but I can't go wrong taking a profit and loading the magazine with bullets ready to fire when the deal is right.On the other hand, I bought a 140 unit 1-1/2 years ago and am in the process of doing a very similar scope of work.  

That's a horrible time to rent for upstate New Yorkers.

The Dallas magazine cover is also very catchy. 

HELLO fellow New Yorker :) Thanks for your post.

I'd buy some bags of fruit, beef jerky, cigars, 40 oz beers, half pints of liquor, toilet paper, hustler magazines, microwave popcorn, chocolate candy, etc. and put them in a box.