To overcome this, you need to know the neighborhoods Here's a breakdown of areas that would be ideal for fix and flips and or rentals West Side Detroit Neighborhoods:Bagley 48221Fitzgerald/Marygrove: 48221Aviation Sub: 48204North Rosedale Park: 48219, 48223Rosedale Park: 48223Grantmont: 48223, 48227Grantmont #1: 48223Russell Woods: 48238East English Village: 48224Southwest Detroit: 48216, 48210Redford: 48239, 48240Warrendale:48228 I have given the neighborhoods and zip codes of the areas to be researched.

Building Codes and Permits: Insights on navigating local building codes and securing permits for this type of conversion would be incredibly helpful.Potential Pitfalls: Are there any common issues or unforeseen challenges I should be aware of when undertaking a project like this?

The electric company installed the new meter for free after giving me a credit for adding laying the conduit required for the 200amp to 400amp upgrade.As for the 1/2" (non fire code) gyp, my understanding of the code is that a 1 hour rated assembly is required between "dwelling units."

In Aussie we don't have such a commission structure.There is only a listing/sellers agent commission.Get's paid 2-3% and most homes are $1m+ as Aussie is expensive as F#$@"Buyers agents" exist in Aussie and do "voodoo guru" promo with "Buying below market value" spiels, etc... and charge $10,000 - $15,000 AUD to help source off market deals, etc... and only get hired by investors that are looking for a "hidden" opportunity per se.Might be a good idea picking up some EXP stock or HOUS stock on this news.I'm sure over time they will find another way to charge and make up margin

@Jonathan McGee thanks for the zip codes!

You can't just focus on zip codes or neighborhoods.

City code doesnt define primary res outside of voting and property tax purposes.

Call the local municipality where your rental property is located and ask if they have a list of certified local contractors or see the attached link for a list of NJ Certified Lead Evaluators...https://www.nj.gov/dca/divisions/codes/publications/pdf_lead...

However, a STR is not considered a rental activity (section 469 of IRS code) if your rent it 7 days or less on average customer use and therefore not passive for tax purposes. 

Back when the house was built it was up to code at 6".