Under current laws, this is considered illegal.

You need to think further down the road as to the possibilities that can arise other than just tenant law and the eviction process. :)

I am working on my first wholesale and rehabbing a rent house with my in-laws.

Legal question:

Florida statutes say that new owners are responsible for paying previous owners arrears. Bankruptcy discharges outstanding debts. So does that mean the new owner of a condo where the previous owner ...

The laws?

They may not be as knowledgeable as you need.The real estate business is very complex, includes many segments, and is governed by many laws.

Additionally, there are a large number of laws.

You need to check you local laws and codes but here in Baltimore is simply means it has to be renovated and brought back up to current code and get a Use and Occupancy permit before it can be used again.

True investors never ever stop.I'm 22 and my eyes just opened up to the world of REI about a month ago and since then read as many books as I could get access to ranging from thinking like an investor, real estate, land-lording, accounting, law, taxes, marketing, negotiating... coming across BP was just the icing on the cake and overwhelmed me of the wealth of information that was on here to add to my arsenal.

We hit .6 and game over - martial law.