@Levi now that you mention CPS, that's exactly what he told me.  

Rents and home appreciation are on the higher end where I'm at so I would hope that eventually cash flow will increase.Thanks all,Levi

Things like hard-wired smoke detectors and emergency flood lights on every floor of the front and back hallways are required.Also, and this is HUGE, call the DCA (state gov't dept that issues the green card) at 609-633-6232 and check to see if there have already been fines levied against the property AND owner for the violations.

The owner called desperate because they had not recieved rent in 4 months there where several code violations levied on the property and the tenant said they where up to date with rent.  

I can view the deposits online, and know if I payment is past the grace period where a late charge would be levied.  

NUMBERS:Purchase: $405,000 (cash)Rehab: $68,000 (budget was 70k)Staging: $2000Holding costs: $3000 ishSelling costs (commission, WA excise 1.78% tax, escrow etc): $48,000Sale Price: $600,000Total Net Profit: $73,191This was a very easy flip for us, and it went very well and so smoothly. 

Levying higher property taxes in an effort to keep coffers full may backfire if the city can't stand the strain. 

Levi - Walk into the building department and ask.

The biggest obstacle to new construction in Toronto is the $84,000 in development charges that are levied by the city for a new single family home.

All statutory tax levies ... shall be so reduced as to prohibit the levying ofa greater amount of revenue than was levied in the preceding year plus fiveand one-half percent (5.5%)...The statutory "5.5%" Property Tax Revenue Limit, also known as the "Annual Levy Law" (Section 29-1-301, et seq., C.R.S.), applies to most statutory local governments that levy for property taxes.