After finding this out, I have done some research and it says that the only possible consequences we may face (if any) is possible 3-day notice to move out by the landlord.

The thing is wasps are quite common in Denver and when leasing the property I specifically elected not to pay for any sort of regular Pest control for insects and bugs, such as Orkin, etc. 

Go to your local recorders office, pull all the properties that have a notice of trustee sale filed (going to auction soon), find the ones with enough equity in them and door knock.

The IRS has come out with a notice saying those schemes will be highly scrutinized.Again, not sure where you got your info.

If we find damage, then we send the violation notice and charge the residents account for the repairs to be done (which is all stated in the violation letter).

Ever notice how many apartment complexes there are right along freeways and loud, ugly interstates?

Louis, I'm sure there are many parks "hiding in plain sight", but most I have noticed are on the outskirts of the metro area, like communities along I-70, I-55 or I-44.

I think a common saying on BP is that newbies either need to bring the money or to bring the deal. 

I can tell you that the most common #'s I hear are a minimum of $100/month cash flow and 12% ROI. 

Is that a common requirement or just "Baltimore."