Considering the amount of units, and, assuming they're smart, they would have consulted an attorney prior to making the rule.

utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)Before making your 1st REI purchase please visit the link below for some useful tipshttps://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

My plan is to slowly buy smart properties, refi at higher appraise, and use that + net cash after rent/expenses to keep buying 2-3 properties per year.

Inspection and appraisal money is typically lost if you don't close and it's your own choice.  

utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)Before making your 1st REI purchase please visit the link below for some useful tipshttps://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

I'm an investor and RE Investing Coach specializing in wholesaling, rehab flips, disposable LLC's, tax deed land lots, multiple choice offers and, my personal favorite, seller finance rentals.

I don't really have a choice where I go.

So while my end-goal is be in a different (and hopefully more profitable) market, my experience level dictates that the smart move for me would be to start locally.As @Patrick Liska said, if it's a good deal, GO FOR IT.

I'm an investor and RE Investing Coach specializing in wholesaling, rehab flips, disposable LLC's, tax deed land lots, multiple choice offers and, my personal favorite, seller finance rentals.

I'm an investor and RE Investing Coach specializing in wholesaling, rehab flips, disposable LLC's, tax deed land lots, multiple choice offers and, my personal favorite, seller finance rentals.