If you are called into housing court (or whatever it is) and you tell the truth when asked if you are treating the basement as a bedroom - you will be told you are in violation of the code.If you disagree with this assessment, you should consult with your attorney.

I hear some people say, that I should start out as an agent part time, because it's not going to make me any money at first, but a big part of me disagree's, I feel if I am agressive enough I can make it happen.

If someone disagrees with this, please share some thoughts with me.

I have to disagree wirh @Engelo At minimal you need to understand how to do the repairs and have some knowledge of costs so the contractors dont rip you off or try to walk all over u.

Somebody would have to examine the original mortgage to see what was included as collateral in order to get to the bottom of this.

@Matt Devincenzo I don't disagree with you.However, after some personal conversations with the presenter, knowledge of her background, and some other factors, I trust her when she says she's had at length conversations with TREC Legal who interprets it a different way and inserted it into the code for that specific reason.Also, this is just how you're suppose to do things.

Martin his findings as an examiner, I'm pretty sure compliance types just throw their hands up in the air and say...oh, well, the borrower transferred title, no big deal, let's go eat lunch!

It done properly, the banks appraisal should be around the same value.I would have to strongly disagree with Ed.

In addition, the county is VERY large, and what you'll see in the south/east portions of the county (Rockville and areas near DC) is going to be a good bit different than what you'll see in the north/west parts of the county (Gaithersburg and areas closer to Frederick).Btw, I lived in MC for a long time back in the 90s (Gaithersburg/Germantown) and love the area for buy and hold real estate, but I'm not convinced that the market is going to appreciate above national trends over the next several years.I respectfully have to disagree with you, @jscott. 7 out of the top 10 high schools are located in Montgomery county including the overall #1 (Which has been for awhile) Walt Whitman.http://www.usnews.com/education/best-high-schools/...While I can't speak specifically to areas much outside the southern part of the county, which is where my specialty is (Bethesda, Chevy Chase, Kensington, etc,) that specific sub market I would argue is quite strong.

I'll disagree with the previous answer: to me, this is not an automatic "pass".