@Enrico MarianiNot sure with the local laws are like in your area, but you may want to call the Department of Health, the inspectors office, or maybe just overall town hall.

Look at several markets and compare population growth, job growth and income trends and then look at their property taxes, insurance rates and landlord/tenant laws.

Just be sure adequate notice is given (look at lease, or better yet CA landlord-tenant law).  

That is a prudent insurance business law of numbers.http://m.hawaiinewsnow.com/hawaiinewsnow/db_330510/contentdetail.htm?

The deadline is very strict, and the custodian must receive the money by the deadline.If it's anything other than A or B - there could be some important complications.Once you acquire the property, ideally you should limit your personal use to no more than the greater of: 14 days, or10% of the total days you rent it to others at a fair rental price.If you exceed this number, your tax deductions will be limited.And when I say "personal use" it does not mean just you.

I thought you have to give 3-6 months now based on the new landlord tenant laws?

I'd hate to jump to any conclusions, however my gut tells me there are a slew of laws broken here: I just looked up "real estate fraud crime" and here's the definition: "Real estate fraud is when an individual or agency uses false information or misrepresents the information for any real estate transactions."

Is there a law, state or federal, saying,at so many properties or income level, you must get a real estate license.

She's talking about what normally crosses her desk, and I can only assume that she is correct for your market.But there is no law that says your deal must be what "normally crosses her desk." 

However, this would be the first time being a landlord and, for those who invest in Niles, is there anything I should keep in mind in terms of local laws when renting out my unit?