Some of the topics I was looking to get more info on are:-New legislation passed here in NV AB300, SB321, also the new law that will allow underwater homeowners to short sell their homes to themselves without an "arms-length" transaction disclosure being required.

There is already pending legislation to raise the percentage.Additionally the option is not always recorded.

I dont know but this was always an uncertain reason why I did not want to split a huge home into 3-6 separate units.

The unpredictable, uncertain threat to their business was eliminated.In HOAs you can LOSE YOUR HOME for the 60watt lightbulb mentioned earlier!

By the way, we were personally involved in crafting this legislation for over 2 years - even hired a lobbyist.

What piece of legislation that really DOES anything passes that fast?

I have only ever dealt with single family residential property, mostly as a wholesaler but also as a rehabber, and I'm really uncertain on what to do with this.

that will wipe some of it out with bankruptcy if it goes through...http://www.citytowninfo.com/career-and-education-news/articles/new-legislation-would-discharge-private-student-loan-debt-in-bankruptcy-12050201Fundamentally, housing is housing.

Latonna HillDIG is Philadelphia REIA GroupACRE is Pittsburgh REIA GroupPROA is Pennsylvania state wide group of all PA Reia Groups that primarily lobbies the state for favorable legislation affecting landlords, rental real estate and, investors

I'm sure there's a law that can be easily referenced in the CA Civil code or some other legislation that tells me why I can't do that... but basically the question is this:If I buy a property, distressed or otherwise, and it has a tenant in it that can provide a valid lease at market rate, I am under the impression that I have to honor that lease regardless of its terms or duration.