let them file BK and then sell the property once in BK or close before the taxes go to sale.

Looks to be a clear summer season April-Oct, then drops off in the winter a lot.

@Marty Rogachefsky this does NOT sound like a Class B area, more like Class C at best.Also, from your description, sounds like a Class D property.Your PMC should be able to send you the S8 Property Standards for your review.You could also "accept" a S8 applicant and schedule the S8 inspection, just to get the list of repairs.In our opinion, if an owner won't keep their property up to S8 standards, which are not that demanding, then they are a slumlord.

If this is indeed correct then why is there so much conversation out setting up out of state LLC's ? 

They then found out the basement was rental that all they had to do was paint it red and they had another rental. 

If you are in a good area within 15 minutes of the hospitals then I think the market is good here.

The RE market was already heating up back then.

I don't want to invest in something and then the City shuts down the development idea that is the whole basis for the investment. 

Just curious if Vermont is getting 12% and then the county or city is adding to it?

@Kenneth Tiedemann you can use personal account, just be sure to follow your state and local laws about security deposits.If you're parents are living in the home with the tenants, then they are also exempt from most Fair Housing requirements, but you should look into them anyways.You'll want a good lease to protect your parents and to be able to evict if/when necessary.Check their home insurance policy as it probably needs at least a rider to cover renting.