The truth of the matter is, I have no legal or IRS issues with this approach, which has been confirmed by several attorneys and CPAs.

I am of he opinion that one should use every advantage to legally avoid or postpone tax consequences.

R Collins Steven Hamilton II (I @ Steven in response to his comments about going to court)I can't speak to specifics of FL law, but I can tell you the general legal concepts involved....When you purchase a property subject to a condominium association, homeowners association, or master association - your obligations stem from accepting the deed to the property.

I don't know if this is right or wrong, legal or not.

Go further in property and casualty will give you some great insight to legal issues, negligence and real estate risks. :)

-property tax-insurance-vacancy-property management-maintenance-capital repairs-legals and accounting.From the remaining 50% you service your debt, if any, and the remaining is your profit.

All counties have adjudicated news papers, the papers approved for placing/publishing legal notices (foreclosures, court cases, business sales or transfers....anything requiring legal notice publication).  

Is that legal under the SAFE Act?

I can't imagine that any liability waiver would protect me if the tenant decided he was going to try to get the thing working and there was an accident--like electrocution.Based on some knowledgable sounding posters here on BP who remove ceiling fans, garbage disposals and dishwashers, I am thinking I am not going to find many folks that would think this is a good idea.

Then they may come after you for the deficiency which will include the principle, accrued interest, force placed insurance, property taxes, legal fees, etc.