Apologize first but this is reason why I shall do market timing.Data from Zillow to my zip code:95051 Market Overview-4.7% 1-year Market Forecast(November 30, 2023)53 For sale inventory(November 30, 2023)28New listings(November 30, 2023)1.057Median sale to list ratio(October 31, 2023)$1,676,667Median sale price(October 31, 2023)$1,424,317If I buy today with 8% interest rate 20% ltv, my monthly mortgage is $10,800.If zillow is right and they usually right that market will be down next year by 5% then with 6.5% rate my monthly mortgage is $8,800There is huge gap between the two.

The registration must be renewed annually.The vacation rental unit must be inspected for compliance with all local and state codes.

The assessment evaluates the home’s energy efficiency, and conducts analysis to asses the potential savings for a variety of improvements.Cost Effective Test for Newly Constructed HomesFor newly constructed homes, the improvements are cost effective when they exceed the standards set by the most recent International Energy Conservation Code (IECC) that has been adopted by HUD for new construction properties.

Or the other explanation is that they are cutting corners or doing the bare minimum for it to be code complying or both.

talk to the dept of health first (records requirements etc), establish what upgrades/maintenance required, line up a reliable repair/handyman/type person, consult lawyer, and then make your offer, see if you can buy the land it's on via lot line adjustment (ideal scenario). a lot to be aware of, such as system upgrades or county code changes bringing in the requirement to add metered connections to an older small system, for just one example.Otherwise- owner doesn't want to manage, I doubt you really do either but could be wrong. 

I do know that HUD posts rates and the local housing authority can pay between 90-110% of that payment standard for the particular zip code the property is in.

Montgomery and Anne Arundel refer to them in code as ADU.

As you write checks and make deposits your income tax return is preparing itself.At the end of the tax year print a simple Profit and Loss report for the time period and hand it to your bookkeeper or CPAYou still need to keep receipts for seven years or so but the works does itself as you write and code each check.Even if you file as an LLC, Partnership or corporation your CPA will thank you.

The codes can definitely be a bit confusing. 1st and foremost it's important to ensure you are using the correct code!

Advise that the property has never been tagged by law or code enforcement as a drug production property and that their concerns are unfounded.