We pay a $120 HOA fee monthly and the property management company has done an excellent job maintaining the grounds and the buildings.

I'll avoid mentioning any specific companies in order to maintain confidentiality.

That section defines "resident individual" as one who is domiciled in this state or as one who is not domiciled in this state but maintains a permanent place of abode in this state and is in this state for an aggregate of more than one hundred eighty-three (183) days of the taxable year, unless the individual is in the Armed Forces of the United States.

Sellers need to be punished for not maintaining market rents.

You will be the one that will have to manage and maintain it and need to ask yourself if the returns are worth it and if it passes that very important question and your numbers are good, then you are headed down the right path.

In my area, tenants can pay their rent to the city or county (can't remember) if the landlord isn't maintaining the proper living standards in their property.

Under a sandwich lease-option arrangement, there will be two insurance policies: The owner of the home should maintain a landlord insurance policy on the house, while your tenant should obtain renters insurance.

A property with good cash flow can be held indefinitely (even if rent reduction is necessary to maintain occupancy).

That way, you may keep your monthly cashflow and increase even more passive income.But this only works if you are having positive cashflow after deducting all the expenses of maintaining the houses.

It is most common to simply allow this to happen, maintaining original lease language with annual rent increases, as opposed to resigning new leases every term.