The rule of thumb is that in order to be compliant, the living spaces of the home must be built at a minimum of 1 feet above the Base Flood Elevation.

Hi Ryan, I'm a licensed real estate broker in Illinois and also a property manager, and yes, in the state of Illinois, you need to be a licensed real estate broker (to be compliant) in order to manage property owned by others, because property management is considered a form of a real estate activity under Illinois law. 

As part of the project, the only existing drain on my side of the street is being sealed over with concrete and even that will be lost.

We just discovered a crack in the concrete slab foundation that is a borderline major problem:- It is a vertical crack about 1/8 inch wide that is at least 9ft long, which is causing a 3/4 inch drop in the flooring and some evidence of old (luckily) limited moisture and termite intrusion. - BUT, it also appears old and probably a symptom of the original house settling.

FYI, an order has been filed in the lawsuit Kiyco Concrete v BTC stating the case will go to trial in the 5 weeks starting October 14th.  

Also, a basement with a poured in concrete foundation is a lot easier to finish and waterproof. 

The FHA could view this as a breach of your loan terms.Recommendation: To stay compliant, wait until January 19, 2025 (12 months from your closing date) before refinancing or transferring ownership.2.

-No concrete business plan, financials or actual equity shares are being disclosed to investors, which need to be.

Doing the proper due diligence & been seeing that in order to use SMS blasting you have to stay TCPA compliant and have the homeowners opt in.

They are also looking for code issues and other hazards which hopefully you are compliant with no matter what.