Around here, for 1-2 unit residences most cities use International Residential Code. 

Cost segregation can help boost cash flow, create substantial tax savings, and increase the profitability of the warehouse operation by accelerating depreciation.A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.

- Jasper / Pat AboukhaledTurning investment visions into REALITY in Phoenix, AZ - Ranked #1 Afor residential real estate growth and opportunity by PwCCheers,Pat

Of course, tough to build 50,000 units in one person's back yard, but there will be some people build granny flats, or garage apartments and you may see some office converted to residential. 

If you're open to it, I'd love to share more about what we're seeing here.Just thought I'd pass along some insights.Pat & JasperTurning investment visions into REALITY in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC

.- Jasper / Pat AboukhaledTurning investment visions into reality in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC

What are the potential tax implications ups and downs of transferring the residential property to business ownership and then acquiring debt on it?

Never heard of NNN in residential. 

Probably will look even better if the first buyer enhanced anything inside prior to this next auction.

I'm certainly not a "wordologist", but seasoning is more so for residential investment properties.