However, city regulations do not allow me to have a kitchen in the attic.

Banks will be Leary of financing a property that needs work and hard money lenders wil not loan to homeowners because of the additional regulations. 

I contend that for some properties, curfew like rules (e.g. regulating unattended minors) as spelled out in Figure 6-6 may be well received by tenants.

LOTS of regulation and fees aren't helping to satisfy the demand either.

@Ming LimMortgage financing regulations are still not as tight as they were when I placed my first mortgage in the 80's.  

After this huge storm goes by, we will see how much all the different insurance policies will go up in price and the new regulations that will be created because Florida is all by itself with Home Owners Insurance being underfunded to the max.

Study your state landlord tenant regulations.

Wholesaling, like more established and regulated real estate brokerage model, is still working for tips. 

Feel free to message me for info on them, I would post here but I think that violates BP soliciting regulations.

Grant, as long as regulation allows it, it's definitely a viable option.