You're overthinking things.And LOI is non-binding, and in most states is merely an agreement to enter into good-faith negotiations for a property.

It is a show of good faith and they will remember that when you come with a rental increase for the next lease. 

Could I continue this when and if I ever decide to take a faith leap into Real estate?

Im curious to see how this regulation will be followed through, who is enforcing this regulation, and just the overall effectiveness of the law.They say the law is meant to prohibit “knowingly make any substantial misrepresentations, make any false promises, untruthfully advertise, or engage in any conduct which demonstrates bad faith, dishonesty, untrustworthiness, or incompetency.” but I'm struggling to see how this will be enforced if the majority of the transactions happen outside the public eye.I want to hear everyones thoughts on will this be successful.

That's how I lost my faith.

If you make a good faith effort to prevent illegal activity by establishing clear terms in your rental agreement, take steps to periodically inspect the property, enforce the terms of the rental agreement, and do all you can to comply with the law, then you should be able to avoid those kinds of fines.

I bought this on faith and emotion.

You don’t want to put your faith in your tenants that they know how to turn off the water in an emergency, I’ve seen that go bad at a frat house near me, tenants didn’t turn off the water and just went to their rooms when they broke an exposed pipe playing football. 450$ + labor very well spent in my opinion.

I'd have more faith in Mr.

And I'm letting people know so it doesn't happen to them too.Incidently, Doug Fath does business under various names: faithful investments, wealthy passion, and investing in cash flow, I tried to summon other students of his from Connected Investors, which is the source he sold in his program as "putting you in touch with other investors,." which is the equivalent of me saying, "If you join my program, I will put you in touch with 20,000 women."