Bad legislation?

City Council may soon pass major legislation to force owners of certain apartment buildings to retrofit their properties for earthquakes.

I am uncertain as to the exact steps to follow when you transition.

Legislation to end this abusive, excessive, and illegally applied fee was pursued in Colorado several years ago but was watered down and then killed by HOA property manager interests.

Therefore, a person who provides assistance on a real estate transaction to a friend or relative, without compensation, does not need a license" at  http://www.idfpr.com/faq/dpr/realestatefaqs.pdf which is why I was thinking of including it.As my compensation from this transaction would solely be coming from the sale of the trust to the end tenant buyer, I presumed that I would be able to avoid the license.Thank you again for your time and comments, My goal is to get feedback from people who do this on a successful basis so that I can put myself in a position to mimic their success.Cheers,Rob  http://www.ilga.gov/legislation/ilcs/ilcs3.asp?

So basically the City Government can't run a business correctly so the are going to push for more legislation to cover for their ineptness.

No matter how much screening you do or rules you have in the rental agreement, your tenants can be a contributing factor.I'd rather improve a neighborhood with involved citizens, grant money, the support of the city, and relationships with other landlords than have it legislated.

I'm uncertain of the contractual inspection period for New York.My advice would be: if you cannot inspect the home prior to purchase then adjust your offer to compensate for a full interior renovation - flooring, plumbing, paint, many fixtures, etc. 

Faith is uncertainity.

I know in theory that following your passions leads to success, but it's hard applying that in your own life when the future looks so uncertain.