Similarly, there a lot of properties here with huge code violations ($80-$200k dues to $50-$100/day fines going for over a year).

Pros/Cons:    - do you need to make structural changes to meet the ADA, zoning, or fire code for the new use ( ie ramps, wider doorways, accessible bathrooms, etc 

I could sit and tell you all zip codes I am comfortable buying in but Akron like many cities almost changes from block to block.

Hi Guys,I am looking to purchase a property in 38141 zip code in Hickory Ridge-South Riverdale neighbourhood on a single family 3 bed 2 bath room property.

And that is all that is required per IRS code - notice must be sent to US Attorney.

(I use Midwest Tax Service - he also owns rentals so keeps a close eye on changes in the tax code). 

Learn about local zoning laws and building codes.

If you don't have a tax professional already that you can trust and rely on to dive into the weeds on this stuff with, that is most critical to your long-term success in using the tax code to your advantage. 

get more micro. we define a zip code as a market. there are about 7 zip codes in the city of columbus that we work in as well as about 15 in Miami. we look at the average housing unit delivered and try to develop under the median and average home or condo where there is a lot of absorption. that is mostly through smaller Floorplan design, smart floorplan design, etc. new construction and development you also have much more control over the overall development just my 2 cents. if you are just buying existing it's going to have some issues 

They will help you navigate the permiting proccess and getting the unit up to code.