In the unfortunate event that a case is filed then proceed the lawful way....keep in mind, the tenant you offended is simply going to find another S8 friendly apartment...why would she waste her time with fighting with you/trying to get you to rent to her...doesn't make sense...so this will pass by IMHO.Also be easy on Dad, he was just trying to help :-)

We plan on keeping it indefinitely and passing our property to our children.  

One is listed with a realtor at retail price (I passed and told her I would be interested when the listing expires) and the second house was her primary residence.

Watching life pass by, but with the most to say.

If I know of something that fits within your goals I will gladly pass that along to you.

Once you are sure that you and your partner are in the real estate game for the long haul, then you may want to establish a business entity.As far as taxes are concerned, the partnership LLC and the S-corp LLC are both pass through entities and pass through entities tend to be tax neutral.  

So...I passed on the deal.

The HOA docs may contain a provision that allows the HOA to pass along its legal fees.

They are passed on to the new owners in the form of "Special Taxes" that have a sunset once they are paid off.  

I'd like to own 1 within a year, 3 within 2 years, and 10 within 5 years (disclaimer: that's a first pass at setting some goals, so I reserve the right to modify).