My friend (who lives in the area now) and I are considering buying a very basic, 1 or 2br1bath condo that we hope to maximize rental income through 30+  days medium-term rentals- since I lived there and even my last visit earlier this year, I actually didn't realize how stringent the str regulations had become, and I still don't know how small-time landlords actually deal with the laws now.

I just received a labor law compliance notice that states that I need to post a poster up for employees. 

I can recommend this attorney:Charles GrayThe Gray Law Firm, LLC1492-B Lake Murray Blvd.Columbia, SC 29212

But you said you had old wooden.Aside from the fact that it's the law, with 3 bedroom units chances are better than even that you're going to have kids in those units.

C-corps under the new law have some positives and negatives.

Depending on where you live, there may be by-laws restricting your "flipping" the property for profit within the first 2 years.Further, you may have an issue with your finance people if you took out a mortgage to make the purchase, such as pre-payment penalties if you haven't had the loan long enough. 

@Joey Biccum there are laws in some states that prevent price gouging during a natural disaster.

They are on their third lease term.Unfortunately, I used an old lease template I received from my in-laws which does not have a lead disclosure.

Depending on what your by-laws say, it’s your responsibility for the drywall repair portion.

After 10 years:OZ is worth $110,462 at 1%/yearNon-OZ is worth $134,391 at 3%/yearLet's say you ended up falling in the 15% bracket:OZ profit is $10,462Non-OZ profit is $29,232 after taxes.And don't forget under current tax law you don't pay CG on the first $38k anyway ($77k if filing jointly).