After posting about Airbnb arbitrage for a bit I've noticed the same objections again and again about start up costs. 

Like you I noticed that the properties were cheap compared to the rents and compared to other areas of PA.

In most jurisdictions a community owner is permitted to change the community rule, with proper written notice to residents, providing the rule changes do not counter state codes.

He has a lease with a 30 day notice to vacate, month to month. 

If they don't pass, you can give notice as required by law and turn over the unit.That being said, if they've been a good tenant up to now, why rock the boat?

@Mitchell Litam , the existing lease runs with the property until it ends, however make sure to read your state's landlord tenant laws, so you know how you can make changes once it comes up for renewal, how much notice you have to give them, etc.Water/electric bills in their names is a matter for their current lease and your utility company's policies.

This could be inspections, posting notices for late rent or lease violations, supply runs, acting as a hound-dog and helping find new deals, etc.

Not just because you can get into trouble with the SEC (if you're selling a security), but because it comes across as sleazy and needy if you're cold-calling investors.Lead by example and invest your own money, tell people what you're doing, be genuinely helpful and expect nothing in return.

A heads up for anyone going to McKinney to talk to the appraisers concerning your tax notice.

It will be leaking for a while before anyone even notices.