It's coming around.You know that Hawaii County is planning on passing an ordinance regulating VR properties.

One needs an exist strategy, if you have multiple loans and hoping tenants will foot most of them.

However, even if it addresses it and says something along the lines of, “tenant is responsible for repair to HVAC under any circumstance,” does not mean that the language in the agreement is legal under PA law (just because something is in a contract - and agreed to in writing - does not always mean that it is legal if local laws may exist that specifically say that it is not legal.)

You dont need anyone local you just need to find a good CPA who may have ties with an expert in the 1031 Exchange process and regulations.

Dear BP Colleagues,I am a new investor, looking to venture for the first time in multi-family - what are the things to look out when you are new to the game and starting out. (1). since I am looking for rentals - would I get access to lease agreements of existing occupants as a buyer?

Depending on the city regulations, maybe you can find a large distressed house and convert it into a duplex or triplex.  

Have you searched your state landlord tenant regulations on line.

Treat that money as though it doesn’t exist except what its for.

Sure, you could buy the house subject to the existing mortgage, then sell to your friend's investor on a wraparound mortgage.

It's currently tenant occupied, and since I'm honoring the existing terms of the lease, I drive to the property once a week to pickup a cash payment.