Many of you know that in Washington State there is a law is that says if you want resell a property within a year at least one of the property owners has to be a licensed and bonded contractor.

This solid base includes being financially sound, repair and maintenance knowledge, and landlord/tenant law knowledge.

Welcome to BP.Depending on the lease and when it was made, the tenant has 6 months or the end of that lease so they can stay under recent fed. law.

Not to mention, soliciting the sale of an LLC falls under securities laws, an unnecessary risk in and of itself.

Any issues with laws, ordinances, or FAA requirements?

Fair housing laws state:If you or someone associated with you:Have a physical or mental disability (including hearing, mobility and visual impairments, chronic alcoholism, chronic mental illness, AIDS, AIDS Related Complex and mental retardation) that substantially limits one or more major life activitiesHave a record of such a disability orAre regarded as having such a disabilityyour landlord may not:Refuse to let you make reasonable modifications to your dwelling or common use areas, at your expense, if necessary for the disabled person to use the housing.

SO nothing out of the pocket of the tenants, but the evil landlords that work hard to provide a solid home for these people get screwed.That is just CHICAGO proper and nothing is stopping you from investing here or as I do, in other areas around Chicagoland where the laws are more even and fair.

If you will be investing in Canada, there will be some differences, most notably in the areas of regulation (law), finance (which you would likely know already), and taxation.

@Grant Fosheim , my brother in law used them for few years and was pretty happy.

Btw, a purchase and sale agreement (not a lease option) that provides for delivery of a deed in less than six months is not classified as an executor contract under existing Texas law or the new law.2) Rent credits should be not used after Jan 10 2014 due to Dodd Frank.3) Buyer gets the deed when title conveys and existing financing is paid off (loan is approved.4) Some states like NC make it difficult to evict, and they need to have some kind of foreclosure.