If the seller is trying to avoid legal issues with the city for illegally operating a property I would get out of that.

What are section 8 requirements regarding this issue.

@Francisco Ruiz ensure that if you are obtaining financing, you ask/ensure with your lender that they do not have any issues with the fact that the property you are acquiring may appraise as "rural."

But usually for a tenant occupied it's like $90-120 per monthI've noticed a lot of multi-family buildings are pre-WWII housing inventory - are there restrictions or issues common with that (historic districts, crazy high utility costs, etc)?

We push for approval from the client even on small issues so that we do not have to deal with larger ones down the road.

If I wanted to transition it to an LTR in the future, my best guess is that I could probably find a tenant for around $1,700-1,800/month without too much issue. 

Satanic, my foot.This just looks like the result of run-of-the-mill substance abuse and mental illness issues.

Hello Charlie, You are right that a community of individual homes is difficult for delivery of daily care for assistance with mobility issues and cognitive decline.

Most of the homes come with a one or two year warranty so we set it up so that they can communicate with the builder directly to handle maintenance issues.- Taxes are usually much lower the first year. 

This isn't an issue of the legitimacy of your business.