It seems to me that the more specific that you get, the more questions will arise.

If you did not make a repair they notified you about and someone gets hurt, the tenant might win against the PM (and you) but the PM will come after you for the loss suffered arising from the claims of that tenant or subrogate against you, that will probably fly right through with the full force and effect of the agreement, including reasonable attorney fees and costs of collection.

I think most of the issues would arise out of being to hands on.

It also allows continued contact with the vacated tenant for a period of time in case any other issues arise which requires their attention, or your ability to find them.

Chris generally there are times when the real estate commission will say NO to many things.Does not mean they know the answer they just always say NO when they are not sure to CYA.If something did go to court the judge will look at the law.Just like a contract if something is found not to be clear or defined further it would be difficult to say a law was broken.There are many laws or statutes that constantly need revisions for new situations that arise that are not addressed clearly by how the law is written.There might be times that you USE an assignment in a certain way that me be illegal but the act of assigning itself isn't illegal.That would be my take on it but I am not an attorney.The problem is even if you had 2 to 3 attorneys read the same law they might not all come to the same conclusion.While we must follow the law people also can't walk on eggshells there whole life or nothing would ever get done.

We had them communicate throughout the process and now they're on the same page and in communication if anything arises later on down the line.We use our lawyer for corporate docs and other intricacies but the broad setup stuff was done by our CPA.

Problems may arise even if the attorney for the seller states that the property is being sold under an option.

And Curt, you are correct in that the wholesaler is in charge of the transaction, but when trust issues arise it may be better to walk away and go on to the next deal.

So the combination of: the rate cap, the fact that a rising rate inflationary environment should push your rents up over time, and BUYING RIGHT will help ensure you still comfortably have positive cash flow if/when rates move up substantially.I've thought about using my property reserve account and other funds to place hedging bets on rate increases, possibly through inverse bond market ETFs.

In a rising market, there can still be neighborhoods in decline, and vice versa.