A pre-ordinance (built before July 8, 1957) residential building or building of mixed residential occupancy, not complying with the requirements in force and applicable to the building at the time of its conversion, may be altered so as to legalize one dwelling unit, in addition to the number of dwelling units originally authorized, providing that said unit was determined by the office of the zoning administrator or the zoning board of appeals to have existed prior to July 8, 1957, and provided such building complies with the other provisions of this chapter.

What's even worse is I'm told that I'm likely to get audited by the Japan tax authorities because I've listed a previously cash producing asset as suddenly having a gross income of $0 for the entirety of 2017, which is seen as a major red flag.Does anyone have any recommendations for what actions I can and should take given my situation? 

If you have an old lease authorizing attorney fees, and your tenant hooks up with the right contingency attorney, you could be out thousands if you act too fast.Last comment. 

Find out how I can go about paying the outstanding balance (I may need authorization from seller, in which case I would call and have him allow me to make the payment or whatever the case may be) (I'll find this out from the email I get back from their department I assume)10.

Henry, you will have problems collecting rent if people don't pay.In NY, units without C/O's are common, but it causes issues in evictions, and people can turn you in to authorities.

Within the last 8 weeks I have completely stepped outside of my comfort zone... asking for and negotiating seller financing, bidding at forclosure/tax auction, working on inheriting a section 8 tenant which means dealing with the housing authority, etc. and the worst that can come of any of it is that I learn something.If you don't change anything... than nothing changes!!!

There was also a podcast on the same topic by the author @David Greene you might want to listen to that as well.

Mortgage loans are given to the property owner, as the property itself is held as collateral.If your LLC appoints a member the authority to make offers, the individual may make and sign the offer, however on behalf of the LLC (like would happen with an estate).If you purchase under one name and transfer later, you create a bunch of paperwork and tax headaches, including possibly being taxed for the transfer, as this is generally considered a sale.Rights are granted to the entity that purchases the property.I'm not a lawyer and have not been doing this very long, so don't take my word and dig in for yourself.

By not contacting their client in advance of offering a new lease to a tenant they overstepped their authority, they shafted their client.

When you look up info on the Housing Authority Website, where it says "Fair Market Rent" Does NOT mean that's what Section 8 will pay.