They will either comply or get out.

“A licensed real estate salesperson may obtain an additional real estate salesperson license and become affiliated with an additional licensed real estate broker as a real estate salesperson, if the salesperson: (1) obtains, from an additional licensed real estate broker, a commitment providing that the salesperson shall become affiliated with the broker as a real estate salesperson on the granting of an additional real estate salesperson license to the salesperson; (2) gives each real estate broker with whom the salesperson currently is affiliated written notice that the salesperson intends to affiliate with an additional real estate broker; and (3) complies with the application procedures under subsection (j) of this section.”

One can choose to comply with the Safe Harbor Regulation D, 505, 505, or 506.

Once the lease is up you can choose not to renew, raise the rent, whatever as long as you're complying with local law.Regarding the A/C, I would get an estimate on replacing everything and take that into account when making my offer.

If they violate this, we give them a written notice to comply and they have 7 days to fix it.

In this case, you will have a hard time, appraisers are evaluating residential multi family properties whether portfolio or FNMA/Freddie by Market Approach and the income approach is looked at to comply with market rents and the debt service works by a stress test on your financials globally with the subject property based on FHA, Freddie or FNMA.

I did not mention, but I am meeting with my banker this week, and I will also be meeting with an Attorney so that I do comply with any laws and also form a good business model.

Risk is they refuse to comply with rent increases etc. placing them in control of your community.

The first issue is that you probably cannot comply with that.

Whatever you get back keep it as evidence of your attempt to comply with the law concerning returning of deposits.2.