Trying to conform to arbitrary rules (2%, 1%, 20% below market, etc.) makes no sense to me.

But as soon as you do any remodeling you may have to conform to certain aspects of new building codes. 

If you are licensed as an agent, you are working as the agent for the agent (broker) so you'll likely have to use local TX forms and conform to both atX law and your broker's policies.When acting as a principal, you may be able to use a simplified one-page offer that is seller-friendly in order to make offers for your own portfolio.

make sure you have a variance..otherwise not worth your trouble and the municipality can give you a headache.if you have a non conforming variance you are good ;) Fyi, is the utilities aren't separated, I'd walk away!

Even if the transaction does a better job of conforming to proper practices the Seller holds all of the cards.

Any conforming loan on the secondary market will require 2 tax returns of 1099 income to qualify for a loan

Get your 10 conforming mortgages first, then do as others have stated, buy your properties with commercial loans.If you put 10 properties into commercial loans, and have a personal guarantee on that loan,,guess what, you don't qualify for conforming mortgages because, as stated before, you have 10 mortgaged properties already.....even if they are in an LLC, if you own the LLC and have a personal guarantee on it, they can count those properties toward your 10 Properties..so be careful

My 100 yo multi-family properties are generally grand-fathered for any non-conforming uses, but may no longer be grandfathered if you have to rebuild after an insurance loss.  

Talked to the city zoning department and they said that it is existing non conforming and has been grandfathered in because the changes were made prior to the zoning ordinance.

Last week a coworker of mine who has been at the dealership for 20 yrs decided it was time to move on and the words he said that gave me conformation were "JPaul, I'm just stepping out in faith."