I have read the rent control regulation too many times.  

As the owner you will have the right to terminate a tenant of your choice unless your state regulations say otherwise.We use it here to remove tenants with rent below market.

You have some time (I think 90 days) after you buy the place to move in to still be compliant with FHA regulations. 

lots of government houses like HUD often offer properties to home buyers before regular investors \can bid on them. 

I have been sticking to looking at strictly SFH REOs because that is what I feel most comfortable with (aka have done the most research for), however I continue to get tempted into a possible townhome deal, or at least look closer into them.Is the major disadvantage dealing with association regulations?

Because the cities have a large planned government infrastructure modernization, many investors are thinking about moving into the area.

This is evident from the number of posts from landlords that have never bothered to read, let alone learn, their state landlord tenant regulations.

Did you study your state landlord tenant regulations before you decided to go into business.

Specifically with mailings, I would talk to your broker, let them know what you are looking to do and see what they suggest, they're the experts on advertising regulations ... and you may have signed something in your independent contractor agreement with the brokerage when it comes to advertising that will apply to no other agents on here except for those within your brokerage.

This would be for both Illinois State Tax and US government filings.