After all, square footage is about more than raw measurements; it’s about how seamlessly the space integrates into the home’s overall living enviroment.If you’re serious about making that office “count,” consider checking local guidelines or even chatting with a reputable appraiser in the Phoenix area..from what I’ve heard they’ve handled properties like this before.

@Chirdeep BhutaniCap rates are a good starting point but are only a single measurement of an investment.

This is really what it should be as unsafe units should have to address the safety issues before they can be rented.  

When I'm investing in trust deeds - my primary concern is the safety of the principal.

Just because a property doesn't measure up to a rule of thumb doesn't mean it's a bad deal. 

So to measure the risk, if you're in R-7 & R-8 it is entirely up to the local councilmember who covers the area as to whether or not they would be willing to introduce the legislation.  

Don't need a ton of pictures but I want to get a decent idea of the location and condition.So basically you dont want your customer to know it look dumpy until they show up.....I can understand the safety from people looking for vacant houses.... then anyone selling a house better take all of their outside pictures off their listing

I also received a letter from the county saying that my property is in violation of several health and safety codes. 

Hire a licensed and insured electrician there are codes that are in place to protect people and property it is a safety risk that you should not cut corners to save a few dollars on.

They usually cherry-pick fire and safety related items from new editions of the building code that just can't wait, in their opinion.