I would also try to contact the code compliance department for advice.

Sure enough the rehab ran over budget (we had a large contingency that was used up -- some due to contractor malfeasance, some due to pulling the trigger on big repairs like a new roof) and the revenues were right around expectations, maybe slightly below.  

Every small relief in rates triggers a rush of buyer traffic, I would take advantage of this fall and winter before the cyclical spring market rush.  

An audit could be triggered by a number of factors that don't line up when run through the IRS's system, and create an exception.

Just speaking from a cash flow management/account structure perspective.As for someone being in the real estate accounting industry for over 2 decades, I can say that State Law compliance is big on this.

Depends how you approach them and if you’re ready to pull the trigger when you find the right deal.

Did you pull the trigger on one?

Finally decided to pull the trigger! 

It's good practice in making the calculations needed to decide whether or not to pull the trigger on a potential deal.You soon learn that starting off as a Doctor is less advantageous than starting off as a Janitor, because the game presets your income and expenses based on the job title.

Building departments are obligated to provide these services online.You can also see code compliance issues using the same search facility.Hope this helps,SteveSo, what I find they're doing in the Cape, is they will pick on something very minor within the permit package, to send it back to you/say its not a complete package, and the clock restarts while you have to go fix it.