Reed's 'BS Detector of Gurus, etc.' should help you decide if it's worth pursuing.

we do annual- we check smoke detectors, check under sinks for any leaks- kitchen included. 

Under Chapter 13, if a wage earners income has a significant change, wins Lotto (LOL)  creditors may file a motion to recover debts on a different schedule, so they may not be out of the woods until debts are paid.If a bankruptcy has not been discharged, dealing in real estate with a debtor, get permission from the debtor's attorney in writing or better yet, consent from the Trustee.

In Calif with a licensed MFU 5+, the fire marshal requires working CO+Smoke detectors and annually replaced extinguishers.In 2013 a cigarette lit the couch on fire and we suffered $95k damages. 

I have removed the non-paying tenant, and now two great tenants with good jobs and are very handy (they do all the repair labor for me; I just pay for materials) live there paying $700/month (this is a bit below market, but I'm OK with that since they help me out with repairs).My plan is to keep on doing some necessary repairs--just cosmetic stuff like replacing the broken blinds and replacing the smoke detectors, etc., since there's nothing major that needs to be done (otherwise I would use contractors rather than the tenants)--and then sell it to a local investor for $85,000ish who wants cash flow but doesn't want to go out-of-state or just refinance and keep it as a cash-flowing rental and then use the money from the refinance (or the sale) to, depending on how the market's looking, collect additional cash-flowing properties in the Antelope Valley or simply sit on cash until we have another correction.  

For example, you manage your own property and there is an issue with the smoke/co detector in the furnace room of a 4 unit building you own.

Well we were over there the other day to replace all the batteries in the smoke detectors and noticed that it had been removed...Besides being rough on the apartment, the other tenants have told me that he's yelled at them numerous times, slammed doors right before they could get to him, etc.

While you are examining heating, plumbing, electrical, smoke/CO detectors, weatherization, locks/doors/windows/screens, appliance function, etc, keep an eye out for lease violations and how well they take care of the unit.

not called laws per se, but actually called codicils.The real issue with HOAs is by simple motion and adoption, the codicils can change overnight, and eg: while today sublet or rentals ARE allowed, next month they can be forbidden. 

Hope to get to meet some of you and get everything in motion!!!