Assignments of any lease can be done (and is in RE lending as security) but residential leases aren't commonly done or securitized as the terms are short, the cash flow is small and the ability and credit of the tenant is more questionable.

From my limited involvement with HOA/COA's it would seem the balcony (outside, and a common element) would be the Only thing you did that would need review.

Andy, I agree with you, my statement on "right to work" wasn't meant as to employee matters which has noting to do with this, but rather to limiting one's ability to work, act in common practices to earn a living, the tools of the trade aspect which does impact non-compete agreements.

If I understand you correctly, you are planning to combine personal funds and your Roth IRA funds as tenants-in-common on the purchase of investment property?

From other posts, articles and blogs I've read about turnkeys, the common thread is "do your due diligence" regarding the property, the turnkey company and property management company(s).

I know some areas it is hard to get the 2%, but not sure what % rate is common around east TN

Rental Demand is up and corresponding Increases are now common in Boston and most of Massachusetts now so I'm upgrading most of my apartments.

@Bryce Christensenyes it is a sad commentary, I often wish we had some common sense doctrine for these type of things.

What happened to the days of value, ethics, decency, good will, honesty, integrity, and common courtesy?

I'm not a lawyer, so no idea legally, but common sense would tell me that if I turned it over to the tenant a year ago in good working order and they gave it back broken, clearly more than normal wear and tear, they would be responsible for it, not me, and I would deduct it from their deposit.