We have MANY fail safes built into the operating agreement that would help prevent what you are going through.

If we need clear definition I do think it will involve legal process which will be expensive and even more unnecessary.

Most buyers and investors say 'ASAP' so we then ask a follow-up, 'if we agree on terms today, is there anything that would prevent you from signing the contract today'.

There would have to be a lease agreement in place for the entire term, that should prevent any issues I imagine?

A new roof can prevent potential issues during the appraisal process, ensuring that the property qualifies for various loan programs, including FHA or VA loans, which often have stricter criteria.

It will sit on their credit and prevent them from qualifying for a loan or taking advantage of another landlord.

Feel free to share those lessons in the forums and prevent others from making the same mistake.What, specifically, can we help you with to move you forward on your journey?

(Google Florida condo special assessments)  And, you are correct, the HOA can impose numerous limitations that prevent it from being a good investment.

When I worked with them, they were extremely reasonable with their borrowers when credit was not available to figure out working solutions, which steamed from the due diligence and experience they did on the borrowers.Corey Dutton, DFA does not prevent HML on primary residence, it does put rules around loans as they relate to primary residence.

If you want to have one, fine, but they are unnecessary for a small business model like yours, just another expense as far as I'm concerned.