(after doing our due diligence with past landlords.) 

Further research and proper due diligence is now needed to assess how bulk owners will continue to thrive as these new laws place limits on their abilities to acquire property and manage the affairs of the association.

I will do my due diligence before committing to anything.

Modify your lease as needed for future tenants and move on.I agree with @James Wise that, as landlords, we are not investigators, but as property owners, we need to be diligent and involved to protect ourselves.Best of luck to you.

This is a diligence issue.

Just be aware with deals of that size come larger problems - I am in a position with my bank and other business that I was able to access some cash to do a major unexpected re-roof (yes, it's my fault that I missed the urgency of that in due diligence - I thought I would have a few more years).

Take ownership of your mistake and learn to do the proper due diligence recommended above😊Please send us any feedback via email, as we do not use the DM feature here.

@Chris SeveneyHit enter too soonWhat I was going to write was one of the biggest omissions I see when people do their due diligence is understanding tax consequence.For example if a sponsor is paying as a dividend which is taxed at dividend rate compared to ordinary income on a k1 that can have significant consequencesIf you are in the 37% bracket and were looking at a 10% return ordinary income it’s net less of an 8% return taxed as a dividend.

Do more due diligence by asking more questions.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊