If the basement leaks, but there is a drain in the center which typically prevents it from flooding up, would you add a $1000 sub pump anyways?

It is the same argument that is causing deep-pocketed companies to roll over at any threat of product liability litigation against them, and we have thousands of litigation lawyers and a clogged up court system to prove it.Again, I get that you have to balance your short-term picture, but don't ignore the potential long-term impact.

Should you ever decide to rehab an out of state property before renting it, I'll link to a blog post I wrote on the topic of my first out-of-state rehab: more specifically, about the issues I ran into and how they could have been prevented.

I don't know that they can prevent the owner from renting it (maybe they have the right to disapprove all tenants in that case) but they Do have the right to restrict the occupant from common amenities (pool, gym,etc). 

As Account Closed has shown in the link, there are some regulations in place preventing you from routinely using an FHA loan to flip properties.It's my understanding that FHAs are for OWNER OCCUPANTS.

Under these facts the Association had to intervene in the bank foreclosure within 30 days of the recording of the Supplememtal Lis Pendens, and failing to do so barred the Association from liening the unit and foreclosing its lien.The affect on pending mortgage foreclosures is to prevent the Association from initiating a separate law suit for delinquent assessments when it doesn't have a recorded lien at the time the bank's Lis Pendens is filed.

Tenants know that even though security is not be used for last month's rent, there isn't much you can actually do to prevent it.

  - garbage disposals are a pain in the a$$  - you're not really supposed to put much food down them at any one time - they're prone to clogging up and they are NASTY to clean out.  

The water is coming from a clogged outside drain and weeks of rain. there is NO mold upstairs.

I had a company do a semi-annual servicing on the unit back in February, yet this clog apparently developed over the course of the last few months.