But can city prevent this somehow?

Though I live in California, my immediate family including my mother and her brother live in NJ.

Mike there is a great group that covers Springfield and Branson - google springfield branson REIAWe also have MAREI in the Kansas City Market - plus lots of smaller meetup groups across the state.

In the areas I invest in , there are significantly fewer investors compared to the large cities even when you figure out the number of good candidate properties that come on the market.

Latest report from Inman lists top 10 and worst 10 cities for residential investments.

So the city will pick up garbage for Multi-family units.

Not all inspectors deal with the city and understand/qualified for DIHLR requirements, make sure to get inspector that does those.

Doesn't cause trouble for the neighbors, with the city or the police. 

@Phil Bach, Hello, The foreign money from China, England, Russia and Brazil that has been buying up all the high end real estate in major cities around the world has been driving those prices sky high as the investors try to protect assets and launder money.

There are a few "loopholes" if you will...1) The association approving the lease could be considered a form a discrimination or "first right of refusal" which in some states/cities is against the law, regardless of what the CC&Rs say for the Association.