However, you're then introducing broker fees which can be prohibitive at certain price points.You can read up on the new laws here:https://www.nysenate.gov/legislation/bills/2019/s6458

In this case, I would have to believe they would be willing to have a brief discussion where you can propose your ideas and perhaps get a better sense of what their needs are in order to come to a potential agreement.I do, however, think that you can gain some leverage by working with the seller/list agent directly since there will be less hands in the pot and commissions payable.As a side note;  Although a lot of the creative strategies discussed on the podcast and forums sound appealing and may have worked for someone, some are (in my eyes) actually going to hurt you in a lot of situations.  

Hi Susan, I found this article helpful, if you scroll down to the bottom under the Rent Control section on question # 3; it indicates that the rent control is only applicable to the rent & not utilities. https://www.multifamilynw.org/news/legislative-update-for-oregon-landlords--passing-of-senate-bill-608Hope this helps! 

I don't care, legislation such as this benefit the tenant at the expense of the landlord who has ZERO real protections against tenants who don't pay rent.Rant over.

I’d be interested to learn how to best propose them to a seller.

@Kevin Danikowski - I am not a big land guy, but sounds to me like your best bet is to just sell the land and use those proceeds for your next deal which if done right should yield better returns than your proposed parking lot.Also, are the lots not buildable? 

Also not considered LA City from a rent control perspective so better upside under the recent state wide legislation.

Dickinson & League City area w/ the NASA draw and the new proposed Grand Parkway expansion. 

@Damaso Bautista I'm going to provide you with the link but here is the exact language from the proposed bill: (m) “Transit-rich housing project” means a residential development, the parcels of which are all within a one-half mile radius of a major transit stop or a one-quarter mile radius of a stop on a high-quality bus corridor. 

It looks like the ability to earn a management fee is a legal grey area, and a loophole in the legislation that the IRS may or may not be cracking down on.