A case against eliminating renting is that existing owners unable to continue to rent might be stuck without income and unable to sell and therefore likely fall behind in HOA dues, causing hardship to the HOA. a gradual approach would be the safest to maintain the health of the HOA financials.

Send mailers to Health code violators 24.

You are ok with the code officials, since you will be buying an existing building.

I was just last week informed about one like this by local code enforcement official (you get tips like that when you do things properly).

All of sudden they have to contract everything out, and their return will be similar to an REIT or even worse.The foundation of a Healthy US Economy is the Health of the Real Estate Market.

I would start with officially notifying the tenants about new ownership and new leases based on your state/local guidelines and ordinances ( you may be able to find it online) In the lease you have to clearly state the rules/regulation and terms of the lease and put the tenants feet to the fire.

We know that prices rose 8% last year, but the official government inflation number was less than 2%.

Really, if a realtor is not doing at least $4mm of production, it's not a very good living after factoring in the irregular and long hours, automobile expenses, office and marketing expenses, BOR/MLS fees, self employment taxes, buying your own health insurance, etc. etc.

Hey Sean, I'm not a "subject to" guy, but I seem to think that the person who buys the property is the official owner, thus he/she is responsible for paying taxes/insurance.

To expound, you can get the gain excluded for a personal residence for reasons of health (presume if you had to sell your house to go into an assisted living situation), relocation, and "unforeseen circumstances."