I don't remember the precise words, but essentially he claimed that there was some sort of standard rental agreement applicable to the area and he could not (perhaps in reality would not) add anything to it at all, which struck me as oddly questionable.

Hey Sarah, if the seller has an agent, it’s best to go through them first since they’ll likely get involved anyway.For a property that’s been sitting on the market, approach with strategy.

Because buying a house in excellent condition and then totally changing the layout can be expensive, especially if it's involving load supporting walls. 

My take is that a Host should be personally involved as much as possible.

Seems odd as this would be a business expense for my business.  

If they are making so much money why are they not being responsible to do what they say bi am shocked so many people involved in this but I am not alone.

Should I go through with taking ownership of the property and try to salvage it for profit or do I refrain from even involving myself in the situation as it may cost more than it's worth to save it?

Depending on where the property is and the lender involved, and what he has told the lender, and so on and so on, you handle things accordingly.

Hey @Edward Zachary Samperio, have you called each municipality involved to double check the regs?

If your reading some "How To" that came out between '2010' and '2020', that's some good fire starter, and that's about it's value in this market cycle and odd's are the market cycle of the next decade or two.