You've already given up your authority by being lenient with rent in the past and any tenant in this scenario would likely want to push the boundary of what else they can get away with.

Got it...makes since...and a POA is something I did not think of...can seller just authorize me with the mortgage co to authorize communications with me...is a POA kind of overkill in this instince...but I guess seller could always remove me from being authorized...that's where the POA would come into play i guess...something to think about...thank you Michael 

It may depend on if there are laws in your state that limit property tax changes from year to year... but on an investment property, just like when you buy it, a refinance can cause the taxing authority to re-evaluate the taxable value of your property.  

You will need to obtain permits and have the work approved by local building and zoning authorities.

(AUTHOR, https://www.angelone.in/) Don’t be afraid to walk away from a deal if the ‘numbers’ don’t make sense.Pay yourself: Most of us got into RE investing because we wanted to ditch the W2 job and become our own boss.

FYI:This is the published code applicable to my question:"17-15-0303-A Except as otherwise expressly stated, the Zoning Administrator is authorized to approve an administrative adjustment allowing a nonconforming use to be expanded into another part of the same building, provided that the Zoning Administrator determines that such expansion: 1. will not result in a violation of off- street parking or loading requirements; 2. will not violate any applicable bulk or density standards; 3. will not result in greater adverse impacts on the surrounding area; and 4. is not expressly prohibited by Sec. 17-15-0303-B."

If the Board fails to properly plan for expenses, it is not up to the Management Company to arrange or pay for unfunded repairs, although they do generally have authority to spend in the name of preserving further property damage or mitigating hazardous conditions that are sudden and unexpected.

I am the book's author and would be happy to answer any questions or jump on a phone call if you'd like.I'm always happy to talk to young aspiring investors.

Don't expect a copy of the report as there are regulations about authorized viewers.  

@Alex Moazeni This is VERY common regardless of the housing authority.