There are other triggers.

Don't let the fear of loss that motivates others into overspending or stretching themselves too thin, cause a similar reaction in yourself that can wind up costing you money and your credit if you pull the trigger too soon.

Its not rented yet, but I met with a lawyer today to get questions answered and an LLC setup properly.I called my credit union today, just to be safe, to see if transferring the property from my personal name (I have lived in this property for 3 years now, as my personal residence) to an LLC will trigger a due-on-sale clause.

Haven't pulled trigger on 2nd place yet but looking hard right now.

What can owners to force compliances by the Board.

Such contracts are unique to the property addressing such things as engineer reports, building/business compliance, zoning issues and a list of pitfalls.A letter of intent is common in commercial prior to making a firm offer to put the deal in negotiations, you might ask for the first right of refusal during the process but tie it up at a price before spending money on due diligence.I'd say you need local assistance, if you can get a broker to assist at this point for a reasonable flat fee or 1% it would probably be well worth it, they don't have to find your property or search for you, just do the contract and take you to closing.

I'm thinking about using the same company, but I'd like to know how you felt about it before pulling the trigger.

These trigger reports to the feds.

What is the trigger was there a fire inspection?

That said haven't pulled the trigger yet, and I'm just trying to learn as much as possible about all aspects of real estate investing.