Code for your area may include plumbing, electrical, bedroom windows (proper height, width and clearance for egress), some areas require sheet rock around the heater and hot water heater. 

I know your maintenance costs and CapEx will likely be less with a new build property but you should be prepared just in case you have a hot water heater go out or something else unexpected go wrong.

Sounds pretty big hot shot right? 

I asked her if she had run out of hot water and she said no. 

If anyone knows of any other special properties in hot locations going for sell or someone who might, I really appreciate the info!   

Actually, I had an offer for $50k above asking but wasn’t so sure of their financial ability to close.That and this tired landlord have favorable “financial” options, as we see it.I still have a super hot market.  

https://www.news5cleveland.com/rebound/cleveland-is-hot-spot...

Average DOM around 45 with average homes getting 1% under list and pending in 32 days, and hot homes are getting an average of 2% over list and pending in 17 days.

- in a market that is both hot and extremly predictable and set in its direction - if they can break even on a property or chip in 200 dollars.The rest of the story sounds like right out of Dolf De Roos' playbook.

This guy wasn't even smart enough to think about his statement that came hot on the heels of his warnings about his own backyard.