Depending on your state laws and the way the contract is written up, the eviction process is exactly the same until the option is exercised.

And you have to be very careful about fair housing laws and credit checks as well.

I'm from Nova Scotia, Canada, and am one half of a company that specializes in acquiring American real estate for both Americans and fellow Canadians (mostly vacation spots; have to escape these winters somehow!).

I don't see it as making a living but stealing and committing fraud disguised as a legal operation.I believe as I am sure you do that they should be prosecuted to the fullest extent of the law and imprisoned for committing such acts.It's simple if you do not perform a service as promised you should not get paid.

I understand that each state governs the laws of business entities so I'm wondering if GA has some material differences between the two?

Still, should I worry about any zoning laws for running what's basically a lodging house/"Crash pad"???

No insurance contract pays if you violate laws, it becomes questionable if they insured it and you didn't do the work, but may state that the property must be in compliance with applicable codes.Yes, if you aren't up to fixing it, probably best to avoid problems. :)

First off, you brought up an old post from the dead and laws have changed, so if you have a question as to a L/O, might look at more recent posts and post a new question.No idea why hitting enter for a new paragraph would post this, so having to continue as an edit!!!!!

I am being VERY CAREFUL about advertising it since we all must be careful regarding fair lending laws (I won't even go into the Safe Act here).

Well I wish you would have posted here BEFORE closing them out.Length of credit history in good standing DOES affect your credit scores.If you have other credit that has a long history it shouldn't affect you that much.If however closing the 3 credit cards with 7 years of history you know only have a few credit lines with only 1 year or 2 of being open that is not great.In the end it shouldn't hurt you too much.When they made the new credit card rules last year or was it the year before credit card companies raised interest rates and annual fees from no fees.So what happened is the great credit people lost benefits because Obama wanted people with bad credit to not be taken advantage of.The credit companies simply restructured to make the same money.So A law passed that had good intentions but was misguided.The government believes when they pass a law people or companies will just take the loss but it never happens.So in the end these laws are just spinning wheels and not doing anything.I know many people who have closed their accounts once interest rates go up or annual fees are imposed.The downside is people want to maintain credit but some credit companies have been closing accounts if you don't use enough and they make a certain amount of interest off of you.It is getting rediculuos.