I can think of three main reasons this ordinance will backfire, and why they should not do it.1)  HUD's own maximum allowable rent is being easily surpassed by the market.  

Tons of things can be rectified easily over the phone.The repair up-charge is awesome.  

However, I don't have the funds to buy every deal I look at right now, if so, I could be buying 5-10 per week right now easily.  

And those as I understand  wont be eligible for FHA financing.4) you may want to find an investor centric agent who can help you do the first filter for properties in the area.Best of luck to you, send me a shout if you have questions about the Dallas proper multi families, I am familiar with most of those neighborhoods.

In my area I can get average monthly cost for the past 12 months easily on line.

This would have been a cost easily avoidable if stains were less visible or minor.

The house needs interior paint, and some minor repairs but, From the research I have done, I think the rent roll can easily be increased to $3000-$3500.She is interested in seller financing and holding a 5 year note at 6.5%.

I think twice yearly inspections including hvac filter change etc. are ideal.  

I am looking for system that I can easily input my records and have it all in one "cloud/system."

The only other thing you need is Articles of Organization, and if single member, just search google & you can find one in word that you can easily adapt.