Usually this triggers eviction.

With regard to renovations, I always suggest taking incremental steps to bigger renovations or partnering with someone who has already done a renovation at that level.I've been known to just go for the big rehabs for my personal investments here in Chicago , and during that process, it's always more stressful than it needs to be...As far as navigating the competition, I've found the best thing I can do is get EXTREMELY CLEAR  on what I am looking for; then I am confident pulling the trigger quicky. 

If the mortgage is in trouble that would trigger a foreclosure.

Just make sure you guys are comfortable with the area before pulling the trigger.

Enforcing the termination of a lease due to non-compliance (unauthorized resident) is not the same as ending a month to month lease. 

You would only pay taxes on all passive investments in a traditional SDIRA at distribution, unless you have a mortgage, then the portion of the income derived because of the mortgage will be subject to UDFI (unrelated debt finance income) which will trigger UBIT (unrelated business income tax). 

Compliance costs can really make it though for a startup if you don't intent to explode.

And consulting with a local attorney to ensure compliance with state-specific real estate laws, plus making sure you have the necessary permits, is a smart move.As you start, also look into state-specific rules regarding contractors and renovations, especially if you plan to flip in different states from where you reside.

You minimize your risk of violating Fair Housing Law or compliance issues using an experienced property manager.3.

If can't transfer the rental into LLC and there are compliance costs associated with maintaining it you might consider shutting it down.