I am trying to convert a non-basement unit, however it's conceivable that converting a basement unit is even more restrictive, perhaps due to restrictions on the depth underground a bedroom can be, regardless of egress windows (not sure about Union City's interpretation of laws like this).Second, the actual permitting and construction process is and has been beyond insane.

.), and this is within the AZ law based on my interpretation (I am not a lawyer).

Because of this there are a LOT of misunderstandings and information is coming slowly, to those who either don't know how to find it and/or don't know how to interpret legalese.

@Todd PultzLikely doesn’t help much but I interpreted what Joe was saying as selling to do 20% down on 5 more.

Interpreting them correctly is quite another thing.

You are basically saying I will go month to month if there is a problem with you but they could interpret that you are a going to violate for any number of smaller lease issues. 

It's dense and not always easy to interpret but it's all there.

Stocks are measured using a Price / Earnings ratio (ref: http://www.investopedia.com/university/peratio/peratio1.asp) Although a simple indicator to calculate, the P/E is actually quite difficult to interpret.

Some of it appears inconsistent and could be open to conflicting interpretations.

Of course, the state's revenue department might have their own interpretation.