Section 8 complicates things.If this was a standard rental my understanding is that the TENANT (at their own expense) can modify the place to be ADA compliant.They MUST however return the place to it's original condition upon leaving.With section 8 you have the yearly inspections.If they deem them disabled and upon inspection notate certain items to be in compliance then you must fix or decide to terminate the lease.Otherwise the inspector will fail you and put an abatement on the property until you comply meaning you get no rent payment from section 8.You have to also remember that there are Federal and State laws regarding tenant statutes.I am not giving legal advice just an opinion.Is there another provision in the lease where the tenant is non-compliant you can evict on?

Here is some info on that. http://www.oregon.gov/boli/crd/pages/index.aspx Most important, know the landlord-tenant law for your jurisdiction and establish your own rental criteria that does not discriminate against protected classes and is in compliance with the law.

You are given at least 30 days notice to quit the Premises in compliance with the applicable laws for the State of New Jersey.

@Rando McAnonTypically thru fines for non-compliance. 

Another aspect is that tenants need to play by the rules or they can lose their entitlement, so you can expect compliance.

Many do audits, compliance, compilations, controllers, are CFO's, are CEO's, or do all other aspects of business.

3 or more is true, watch yourself as non-owner occupied, federally insured loans can throw you back in to compliance requirements.

Albeit, your experience with FDIC is a feather in your hat which I can not claim, my regulatory and compliance experience stems from my interaction from hiring folks like you for consultation.

Sellers attempt to transfer ownership responsibilities without giving an ownership interest.The eviction process used or claims of default may not be in compliance depending on the equity established.Many attorneys are not aware of issues that can keep such deals from closing, it's not just about legal compliance with law or contracting.For those deals that do close I attribute those to pure luck or to assistance in the adminstration of the deals.The L/O arrangement is such a failure that it is specifically described in the SAFE Act requiring professional assistance.

the cost will be prox $3-4 K to set up, and prox $2K per year in fees to pay for the acturial work (which has to be recalculated every year) and the legal compliance issues (to ensure that the plan is in compliance with the ever changing government regulations). 6- you can be trustee for your plan as well as custodian, making all the investment decisions.