DC is also one of the most "renter friendly" places in the country, so really make sure you do your homework and consult an attorney when writing up your lease to make sure that your property and your lease is in compliance with rental law. 

Don’t give them the address of the property as this might trigger an event that will cause change.

But, compliance with securities laws are much more difficult.   

Alternatively, forming a new LLC in Kentucky can simplify state-specific compliance and might offer better legal protection for the property.

But, when it comes time to put the deal together and pull the trigger: work with a seasoned real estate attorney with experience in structuring seller carry deals and writing thorough docs that cover your interests, especially with the "what ifs?"

Remember investing in Qualified opportunity zone all yourself will require heavy compliance.

Follow up and ensure the loop is closed quickly.When you call the city ask what triggered the visit.

It is amazing all the folks that want to do this but just cant pull the trigger . they will pay a guru 10 to 20k or more and have no funding..

But the trick to a budget is making sure it satisfies your needs so you can stick to it - like they say about some diets - compliance is the science . 

This is because collecting rent is often seen as passive income, and the state may not consider this "doing business" that would trigger the registration requirement.However, states like California or New York may have specific rules, so it's wise to check state-specific requirements.Active Income (e.g., House Flipping):Active Business Operations: If you are engaging in activities like house flipping, property development, or property management, this would likely be considered active business operations.