Make sure you're crystal clear on the DHCR regulations for destabilization of a previously rent stabilized unit. 

I am not really familiar with law & regulations here in US but i am eager to learn property investment in US! 

i...FHA INFO #14-73December 10, 2014NEWS AND UPDATESTO:All FHA-Approved Mortgagees What’s New Expiration of the Federal Housing Administration’s Property Flipping WaiverToday, the Federal Housing Administration’s (FHA) Office of Single Family Housing announced that the temporary waiver of FHA’s regulation that prohibits the use of FHA financing to purchase single family properties that are being resold within 90 days of the previous acquisition ,expires on December 31, 2014.

I try to do that every time I can and it is an excellent business practice- one of many things I learned from @J Scott.  

Although, ideally I think I'd retire any and all real-estate debt at that point, hold what I'very aquired, and do more fix and flip.Regarding campground/Tiny Home, island property is an entity all its own, with added layers of regulation, etc.  

Therefore, as a practical matter, if they say it's illegal, it's illegal.

I flipped my first SFR nearly 40 years ago and I'm still learning practical new things every time that I visit here.I got your PM about my investment planning and my reply ran much longer than I thought it would, which is par for the course. :-) I'm just wrapping it up and will get it to you later today. 

I'm looking for the practical, general investor experience answer.  

In theory, they should gain full divesture within 6 months of request to divest.Like most funds, the investors will invest into an LLC that will be managed by another entity.Questions:What body of regulation would this fall under?

After passing the course, I didn't feel ready to take the exam, so I purchased a different text book (Florida Real Estate Principles, Practices & Law) and read that.