Here's the law as written:460.100: Duty of Owner(s) of Residential Premises (B) Whenever any residential premises containing dangerous levels of lead in paint, plaster or other accessible structural material undergoes a change of ownership and as a result a child younger than six years old will become or will continue to be a resident therein, the new owner shall have 90 days after becoming the owner to obtain a Letter of Full Compliance or a Letter of Interim Control, except that if a child younger than six years old who is lead poisoned resides therein, the owner shall not be eligible for interim control, unless the Director grants a waiver pursuant to 105 CMR 460.100(A)(3).

The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions if you go that route.

EricHi Eric,Right now you are a man (with only a little knowledge) in a dangerous jungle with a flashlight, you need broad daylight (more knowledge) to make your best decisions.What's best for you can vary by your home state.What's best for you can vary by if you are buying for all cash or need a lender (will that Wyoming LLC holding structure send you into a lender underwriting jungle; are there ways around it available to YOU specifically?).

PCB and Destin are two distinctly different areas, and I'm not sure which market you'd like to focus on. 

Its not a dangerous risk if you have appropriate emergency funds for anything that may come up and don't buy a property out of your price range. 

And for anyone considering buying his program with the intent of managing the bird dogs themselves: Paying up front for leads is a very dangerous strategy.

Mold is maybe horrible and maybe potentially dangerous.

There are some distinct differences among the areas that could sway your decision.The northernmost section of the OBX runs from Nags Head to the Virginia border.

This distinction may affect how you report these expenses on your tax return.

I know I did.. and I know many many many other investors that lost it all.So again for me not predicting it.. but over leverage and thinking that cash flow will always be there is a very dangerous thought process.