I assume that each state regulates grandfather clauses.

Check the water heater and HVAC in the Due Diligence.Also the water pressure and the regulators.

You will find your answer by studying your state landlord tenant regulations.

The regulations are many and the fines are expensive."

You learn finances, money management, real estate and your state landlord tennat regulations.

@Seth Lacey I prefer the Southeast or Southwest as I think most sane people are moving away from bad weather, too much regulation, and too much taxation.

What's not in the living space calculation and instead in gross area are parts of the building that aren't considered living space by the assessor's regulations.

From time to time during the drafting process, there was talk of restricting the use of Series LLC only to those regulated industries which already have some experience with these entities and can be expected to use experienced counsel in forming them, those entities being primarily the hedge fund and insurance sectors.

Wouldn't hurt to get a smart thermostat also to help regulate temperature when you're not home. 

Certainly the margins are decreasing due to both increased government regulation and market saturation.But professionals like Neil Collins here in Portland, who self-manage effectively, and can deal with government wonkage effectively still have profitable margins.