Once you understand a little more about the legislation and laws in place the tenant laws will not be so scary.For a 10k a month cap rate you are looking at inventory that would either be a luxury single family home or a multifam that would be 4 or more units.

I've run the numbers, both proposed and actual results, and it can make a difference.So bottom line, if it's something you think you may be interested in do your own due diligence, just like anything, and don't take the word of hype-sters or nay-sayers on these forums.

I'm not proposing to change the landscape and what the properties I do have noise and parties have not been an issue. 

So, I proposed this deal to the Church, which they accepted and we closed on April 2.  

Growing MKE just released their proposal for the new zoning ordinance, which will change the city as we know it and bring a wave of development.

Are you proposing to buy a $749k property in a neighborhood of $450K propertries?

While this legislation is proposed nationally, its lead sponsor is Sherrod Brown who is from Mansfield, not far from Cleveland.  

Would Section 8 accept my proposal to have a full building renovation and force him to move?

One thing is certain as an investor you don't want you money held up in the court confirmation process for a few months.Your interest is in purchasing the probate property from the Executor/Administrator as long as they claim IAEA powers and filing Notice of Proposed Action.

As a result we can expect legislative initiatives in the future that place curbs regardless of legitimacy of any individual transaction.