At this time, if I were you, I would write them a letter, email, leave them a message, dictating your rental policy as spelled out in your contract.

My former employer, a Canadian brokerage, has trained me well in that and prior to that, been doing cold calling too when i worked with to some US real estate investors. =)

One of the reasons I like real estate is the local influence on prices that at least buffers some of the outside effects of recession & monetary policy.

Thanks Brie  the thing that gets me is not the $240 the fact that the Board singled out investors on many levels , adding increasing fines if rental is visited by police, wanting to be on liability policy of unit.  

I dont start any permitting or construction prior to closing on the loan.

I've tried to no avail to relieve the bank of the property prior to listing.

They usually catch you when you change/add the name on the insurance policy, which you'll need to do to be covered.

W/ no FC notice, you s/b able to wholesale prior to any foreclosure action....but the seller does need to include reinstatement/late fees in their closing estimates.If you can get a sub to arrangement, it provides more strategic options which can fatten the deal's profit margin.    

Additional costs and magnified frustration with lenders’ requirements compete with the near-impossibility of having the required buyers’ walk-through of an empty house three days prior to their closing on it.I can only assume the new 3-day rule was set by somebody who has not participated in many residential closings.

The property is currently being rented out to Section 8 for $1750/month; however, market rates on CL are $2400-2500/mo.Price: Town homes in the same complex were listed around $460K and selling around $20-30K above listing price; however, they were remolded prior to selling and staged.