BUT I feel like I still have to have a ton of involvement especially with multiple rehabs etc, to dictate what expense is from what property and what the purchase was for etc. to be sure deductions and depreciation are correct.

I understand home designs are pretty expensive, and cannot just be applied to any lot/existing neighborhood.

It's not worth the extra monthly income that comes with getting involved with low income renters.

Let's assume there is no CO obtained immediately after the sale (will do later after repairs are done), and no township or local-level inspections requested.Is the township automatically notified by the county of the sale or is there some mechanism by which they would learn about the sale and update their records, other than by the buyer telling them about it, or applying for a CO? 

Once most people find out what is involved with licensure they won't do it.

Due to personal faith based reason, I prefer to only invest in all cash deals that don't involve traditional financing (so typical passive RE options like syndications, RE funds with fixed returns, REITs etc are not a viable option for me). 

@James KieferRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Each day that a violation continues, shall constitute a separate and distinct offense, to which a separate fine shall apply.

Depreciation recapture upon sale would apply to the portion of the property you depreciated.

The biggest challenge was resolving the parcel recombination, which involved acquiring additional land and coordinating with the city for approval.