I’m definitely gonna consult with an attorney but wanted to see if people do this and if there’s anything that prevents investors from doing that.

It keeps a record, prevents the emotional appeals, and a nasty note doesn't hurt as much as someone crying in your face.

If you dont NEED to pull your money out ASAP by implementing the BRRR strategy, then targeting a home that already has tenants can be a good way to limit your competition with owner occupant buyers to get into something with little effort/stress. 

LolAre there any regulations preventing from doing this crazy request?

We will implement a simple business plan that address' major capex flaw that has caused a poor tenant base.

Make sure the tenant changes the filter often.Landlord vs Tenant ResponsibilitiesYou're onlyresponsibility is to provide a safe, habitable property that is up to codeSmoke detectors,heat, appliances, plumbing are things you are responsible for If a tenant breaks something like a window, hire someone to fix it and charge the tenant Tenants responsibility to report problems or they will have to pay for itAnnual Preventative MaintenanceSpot problems beforethey become an issueGive the followinglist to a handyman once a year (interior): Change furnace filters Vacuum dust from fridge coils Replace smoke detector batteries Check carbon monoxide detector is working Sweep fireplace Ensure lint from the dryer vent has a clear path to outside Flush water heater Check the expiration date on fire extinguisher Repair broken caulk or grout in the bathroom Tighten any handles, knobs, racks etc.

Depending on the door knob, she can also install child proof covers over the inside handle which prevents kids from opening the door.

However, being they are so reliant on private funding and IPOs for liquidity and have failed to turn profits, I cannot see how job growth can continue to grow at exponential rates without a heavy injection of liquidity into the Bay Area for many companies who seek funding (whether a new source of VC money comes or the FEDs implement heavy QE and flood the market with dollars, not very likely).

You can convert garages and increase density up to 25%.Local permitting agency must act on all ADU applications within 60 days (vs. 120)HOAs and local CCRs cannot prevent you from building an ADUStrikes restriction on owner-applicant for ADUs until 2025No impact fees on ADUs under 750 SF.I'm blown away with the breadth of these sweeping changes.

Like others have mentioned - having an objective scoring system that you apply to all applicants and the publish how you select applicants will help in preventing issues.