Luckily, their assessment of the studs (these burly, rough-hewn hardwood from 1870) have survived fine, maybe 80%.

So there's an unpaid fine.

Hope this helps you fine tune your strategy.

However, once the notice goes out to the resident and they are given every opportunity to bring their property into compliance there is no fining/enforcement by the general manager/board.

You are correct that you are learning as you go and sometimes that is fine but when you begin to break laws and just claim to be ignorant of the law that will leave you in a bad spot.

Fines are not cheap so I would make sure you have ducks in a row.

As far as any running daily fines, you can probably negotiate them out for about 20% in Dade, but each individual city will be different.

You may be concerned, I'm not so much, probably a future micro bubble waiting to happen, but if you borrower from them, so long as you pay as agreed, you'd be fine.

The responses range from "yes, that would be fine", to "we could handle that in a couple months", to "an $X increase would be a lot easier".

On top of that, Iron sharpens Iron and I should have been more open . . . we both would have learned.Well, that's all I got for now.Oh, and my investor friend did just fine . . .