Of course I will still run title tomorrow… how can I check on Federal tax liens? 

Assignor, Seller and Seller’s agent(s) do not warrant that the property meets any currentCity, County, State or Federal building codes, nor the presence of any and all outstandingor pending violations against the property.

Government Programs Look into local government programs or grants designed to help property owners with essential infrastructure repairs.

So, your issue is with the county government based on what you just said because a home built by a licensed contractor would also have not been inspected.I'd be JUST as concerned about a contractor built home with no inspections as I would a homeowner built home with no inspections.

For owner occupied properties federal law requires lenders to verify the ability to repay by the borrower.

You could reach out to Kevin Kim at Geraci LLP in CA who's firm does securities and PML law in all states and is intimate with CA, OR, WA, and ID laws as well as corresponding state specific financial institutions governance (in WA it's called DFI or Department of Financial Institutions) and how to navigate their expectations accordingly... 

How concerned are those of you that have invested with Homeroom about the potential for local governments to shut this type of rental down?

I think the best approach is to have a free and open fast search engine that organizes all the delinquent property lists across all the 3,000 counties and links back to the Source of Truth at the government site.

If ordinary income, in NC that will be a tax rate of about 43% between federal and state taxes.

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