@Jonathan Firouzi some cities have additional requirements, so check with your local laws too, but here is a link to the state law requirements for pools: https://www.azleg.gov/ars/36/01681.htm

Hello there folks!

Your insights would be invaluable as I navigate this new terrain.Thanks in advance What type of deal are you seeking that would require hard money?

For one tenant that had a cat (inherited tenant and the only cat I've allowed), I had to soak slab with enzyme cleaner, didn't work well, then soaked in vinegar, replaced subfloor boards upstairs, replace trim all around flooring -- it's a huge undertaking requiring multiple applications.     

He has a 5.5% rate, which is assumable, but FHA guidelines would require owner occ. 

I also am being required to sign a cancelation, but I never signed an agreement in the first place so they are not actually my PM.

What's required of you from a business perspective is to assess the cost of correcting the problems versus the cash that the building will bring in.   

-connect with folks sourcing off market deals and start reviewing those. 

That might be difficult to do, especially in FL where most carriers are requiring a 4 point inspection.

IRS guidelines would require you to seek out a tax professional but i believe you are taxed on gifts above $14k.