Point 2, do you really think that the legislation will help these people as a whole?

In either case, it's just a big joke.I'm generally not in favor of more legislation.

According to the Texas Business Commerce Code (TBCC) Section 1.201(b)(27), Legislators defined Texas series LLC as a legal “person.”

I just think the "Tea Party" has a bunch of them this cycle.So wait a minute....the Democrats just blew a historic opportunity of 18 straight months where it was Constitutionally impossible for the Republicans to block, stop or slow down any legislation and they blew it.

Bottom line, legislation has been passed that makes it way too risky and onerous to do one to an owner-occupant.Or, if you are willing to invest 1.5 hours of your time you can get a very thorough briefing on the financing situation in Michigan by a true expert on the subject, Allan Daniels.

Literally today they changed legislation on caregivers ability to grow on a larger scale.

It will take years of educating legislators before this will be solved, but wholesaling is a messy part of the market that needs a cop on the beat.

There's a pretty complicated legislative history on this issue.  

Here the legislation is clear that rent is considered late the day after it is due and the landlord has the right to server a Notice to Vacate which gives the tenant 7-days to pay all arrears or 15 days to move out.That said, our policy is clearly documented and incorporated in a schedule to the lease that rent is due on, or before, the first day of the month and a late fee will be assessed at the close of business (17:00) on the 4th of the month.  

The 'Judge' Harold Cuff is a Magistrate that is appointed by Richland County Legislative Delegation.