I appreciate so much bigger pockets.As far as the zoning, I made calls before starting the project to the county and spoke also to the state regulatory agency.

In turn you can sell the property for 85- 90% of the ltv to the potential home buyer also allowing you to help them possibly with a down on a fha loan which right now just about any body can get they just don't have the down payment.

Many "bad" tenants contact small LL's because they know they won't make it through a property management check.Years ago I read some good advice: put "credit/income/background check required and will be performed" right in the body of your ad.

Every state will have license requirements for a lender, if anyone tells you otherwise, they are wrong, there may be exceptions, but commercial lending is regulated in all states.Commercial lending has much less regulatory oversight, than consumer lending, but it is not without compliance requirements as it was with some guy writing a check for a loan twenty years ago or even five years ago.  

There are too many possibilities when your duties may / will overlap with who ever is managing the other part (e.g. plumbing, electrical, heat, water, sewer, garbage, landscaping, tenant complaints, security) regardless of who is technically in charge of these items; let the finger pointing begin.I don't have any specifics but generally speaking these kind of properties have extensive reporting requirements regarding the tenants  (e.g. certifying that tenant meets income requirements), units (e.g. inspections), financials (e.g. audits) and regulatory compliance (e.g. anti-discrimination rules).

Do you have it listed in the main body of the lease when discussing smoking in the unit or is it an addendum as it is a specific issue to Colorado or other states where it has been leagalized?  

For starters you need to read your management contract, then you may want to make a complaint with the local real estate regulatory agency.

Now the loan for the GMAC financing has a HUD Regulatory Agreement for Mortgage insurance.

Generally speaking, the more bodies (big, little, or furry) in a unit, the more damage you will have.

Allen - Robert Irwin - Robert Kiyosaki - Robert Shemin - Ron LeGrand - Russ Whitney -Ted Thomas - Wade Cook - Wealth Builders - Just to name a few.Ten's of thousands of dollars later I had so much knowledge that I thought my head would burst and on top of it all I was scared to death to step out and do what I had learned so I got another job and the living paycheck to paycheck continued until a dear friend asked me how long have I been stupid.Yes he upset me greatly but he helped me pull my head out of the lower part of my body and I started to put action into what I've learned about real estate investing.When it was all, said and done I turned my life around from living paycheck to paycheck to being worth millions!