Just getting my feet wet out there over the last three years and its good to see the post and the additional feedback from some really savvy and experienced investors.Built about 10 cabins last year as I talked my ex brother in law into moving out there two years ago and getting our gc license. 

You can use petscreening.com to handle this task for you and ensure you are compliant, but I still recommend you really understand the law so you can answer questions or assist with requests. 

You may also run afoul of local/state laws against people that contact people in foreclosure to buy their home.

Irvington is very similar to newark, which has very strict laws with regard to rent increases. 

The other 50% just don’t understand real estate law, real estate principles, real estate finance, and real estate agency.  

For example in California there is a 10 year structural warranty by law (and shorter warranties for different systems).

He may get stuck with rent control laws that prevent him from catching up later. 

I'd try to understand landlord laws in each market - i.e. figure out which markets are more landlord friendly.

You are required to close if the assignee doesn't.Saying attorneys are ignorant of the law is hubris in the extreme. 

See if it leaks into their unit.Depending on your local laws, even if it leaks, you may not be responsible.