I hate to say it like this but, there are more of them than us and Peter is suggesting that now is the time to prevent rent control from creeping into even the most friendly pro-landlord communities.By the time it happens, it will be too late.Jeff

This is the same when we were suggesting to the banks that they have customers initial all parts of their 1003 at doc signing to confirm all provided information was correct - that would have stomped out many liar loans (keeping the half honest people honest) and stopped the loan officers from creative changes.For some reason, no one ever implements the simplest of safeguards, therefore - are they really that concerned?

All it takes is for an angry son or daughter to say "you took advantage of mentally ill mom" and you could find yourself struggling to prevent your deal from being invalidated.

PREVENTATIVE MEASURESWhen you own a Class C or lower apartment complex, you need to check out the occupied units every two months or so.

We offer the service to management, who then implements the services in their complexes for all tenants.

Your most expensive areas will most likely be ADA/Handicap access, Fire safety/prevention, and electrical (is this aluminum wiring and are the panels Federal Pacific?).  

But little you can do to prevent it if it does happen.2) find an attorney who specializes in landlord/tenant law from the landlord side.3) figure out the eviction process.  

I am trying to think creatively here on how we can generate some income from this to office some of our carrying costs until we find the right buyer...hence the billboard idea.Here is a little about he location:- Back of property has clear visibility from major state route with INDOT listed traffic counts of 12 to 20k cars / day- Property is located on a slight curve, so cars traveling north will get prime exposure (though this may prevent having usable space for southbound traffic)- No billboards in the immediate area with tons of major retails present (i.e. tractor supply, Holiday Inn, Menards, etc.)So in addition to checking the City / State to see if I could obtain a permit, what other advice / insights do you have?

Anything that I should know or could prepare to prevent the "paper work hags" that Ive already heard so much about? 

Our system that should have prevented all this from happening failed - my fault - but hopefully going forward, new changes/fixes/updates/upgrades to the site won't cause any visible chaos to you again.