Quote from @Wai Chan: You've made a terrible mistake of allowing the tenant to violate the lease with unauthorized occupants and pets.

•Entities created or registered on or after January 1, 2024: Must submit their BOI within 30 days of their creation or registration.Penalties for Non-Compliance:Failure to file the BOI as required can result in significant penalties, including:•Civil penalties: Fines of up to $500 per day for each day the violation continues.

You don't know what type of tenant they're going to be and you're giving them the first month free.Maybe offer their 12th month free with the caveat that the prior 11 months rent must have been paid on time and no lease violations.  

If the answer is no, then that is a clear fair housing violation.

So that in my mind tells me CA is starting to put this on their radar.. .But who knows that's a freaking big state will lots of peeps just like FLA... but I know FLA has hammered people for sure..And its the most egregious violators those with websites and bunch's of craigslist adds etc.. advertising homes they don't own...

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

As a lender you must prepare estiamtes for loan expenses, profits would be unknown, so they can't be disclosed under RESPA and your APR calculations will be off by much more than one tenth of one percent, so there can be another violation as a lender and usury law may apply as well.

Technically he is not violating this clause.

Recently, we were approached by a city zoning enforcement officer who informed us we were in violation of zoning laws and that someone from the Historic District would be contacting us.

Software can't handle rent collection on late tenants, noise complaints, parking violations, unauthorized pets or people, maintenance coordination and supervision, inspections, and so much more.I don't advise anyone to invest in another state unless they have a solid PM lined up to handle the investment for them.