Below market rents, FPE panels, fuse subpanels, mold, leaky roof, non-compliant sewage lateral, and dated units.What made you interested in investing in this type of deal?

Also typically any loan over $600k becomes a jumbo loan requiring more money down and I don't believe it's FHA compliant anymore. 

So definitely check on that before getting started to ensure that you are staying compliant and not doing something you shouldn't be doing according to their rules on lending and licensing. 

I would be sure to check the local building codes to make sure it's feasible and compliant before moving forward.

Figure out what those areas are and avoid themLeases and screening- You can spend time trying to keep up w/ the changes in real estate law to ensure your leases are compliant or just befriend an agent and use the local leases developed by the Real Estate Associations.

They should work hand in hand with your tax professionals to ensure your desired direction is compliant with the 1031 statutes

There are 2 bathrooms in the space and it does not look like either bathroom would be ADA compliant by current standards.Would I be required to make one of the bathrooms ADA compliant before leasing to the new office tenant? 

We’re currently selling our3 br/3bath house which has 3036 sf including the half finished basement. There is plumbing in the basement for an additional full bathroom. We also have an in-law-suite above our garage with...

You also wont have a team to guide you as your biz grows or how to stay compliant.

Maybe if the property was rented and it was a compliant by a tenant, but it's vacant at the moment (aka I am not cash-flowing yet).