The results will be legally drawn up agreements for your use.Just they way you communicate with a tenant is regulated.

Let me answer from a Property Manager's perspective: There is so much more involved than just collecting rent online and making a phone call to the handyman.There is a lot of bookkeeping involved in collecting rent, due to the dept. of real estate regulations, as well as making the correct deductions from the rent and processing a check for you.We take all kinds of calls from tenants that you probably never hear about: They call to explain why their rent will be late, questions about moving people in, calls about someone moving out, calls about questions on their lease, the landscaping, ants they found on the counter, you name it, they are calling all the time.We also do frequent drive-bys of the property to make sure everything looks ok: landscaping, not too many cars, trash, whatever out front.

Until states decide to specifically regulate (like California which has its pros and cons) this will continue to be a grey area that we encourage you to discuss with your legal counsel in your state."

(some regulations apply)When the loan goes to foreclosure sale, regardless of whether it sells at auction, the loan is written off.

Seehttp://www.consumerfinance.gov/regulations/ability-to-repay-and-qualified-mortgage-standards-under-the-truth-in-lending-act-regulation-z/

Many COA/HOA's don't like rentals, for some legitimate concerns and some non-legitimate reasons, and this is one way of making the boards feel more secure.Ask them for the regulations requiring this.

As you might expect matters around financing, regulation and taxation will be different if you are investing at home.

In WA I have seen ones that the HOA was just for upkeep on property, rules and regulations as well as ones that act more like condos.

First of many we all hope.When it comes to Title companies they're highly regulated on rates here in NJ.

Be sure to provide and have them sign a copy of the rules and regulations - they don't seem very important until they start breaking rules you didn't even think you needed...that will be a fun one...if you plan to increase rents, do it when they are most likely to expect it like as soon as you take over or one year since their last rent increase/ contract.