Ignorance of lead paint presence doesn’t exempt you—you must have a compliance letter to avoid strict liability.If you rent to a couple or a single woman and she becomes pregnant, the law requires you to delead the unit.

I'm prepared to pull the investment trigger when my money is in line with that, but learning along the way while I get that side in order.

Just had another example of "no response" that triggered me re-reading this thread.....Luis, yes, I thought about this too, as many gurus seem to advise that people establish a buyer list first.  

I've got several triggers in place that have to be met before the transactional lender wires their money on the day of closing.  

Does anyone have advice regarding doing a 1031 exchange, where the goal is to take title back as an individual and dissolve the LLC that the relinquished property was held in (without triggering a taxable event)?

., the destruction threshold); which Property characteristics the destruction threshold percentage applies to, such as market value, assessed value, replacement cost, or unit count; for Properties with multiple buildings, if the destruction threshold percentage applies to each building, or all buildings as a whole; the replacement cost to rebuild per current requirements for zoning, and land use; the Property’s continued marketability, and economic viability; the amount and type of Borrower-maintained insurance coverage required per Part II, Chapter 5: Property and Liability Insurance, Section 501.02C: Ordinance or Law Insurance; insurance loss proceeds payout, compared to increased rebuilding costs, including from building code changes, Americans with Disabilities Act compliance, and the municipality's local zoning requirements (e.g., green compliance for new buildings, etc.); the sufficiency of estimated insurance proceeds from ordinance or law insurance and other coverages to repay the Mortgage Loan in the event of partial or full casualty, or condemnation; and for a Tier 3 or Tier 4 Mortgage Loan, if requiring execution of the Limited Payment Guaranty (Form 6020.LPG) would mitigate the risk of the as-rebuilt Property not supporting a Tier 2 Mortgage Loan.

Having an LLC in that state may simplify compliance with local regulations, tax filings, and property management.

I have been hesitant to pull the trigger on anything, but we finally are in the processing of purchasing a cheap duplex we’re gonna see how it works out for short-term rentals.

To get into compliance, if it is even possible, you will need to speak to the city planning department to see if the property is eligible for rezoning, a special use permit, a guest quarters, or an ADU.

If the due on sale is trigger I also have my back up plan (just realized that some old freddie mae) does not have this clause on its terms).