CBD stand for Central Business District, a.k.a core multifamily properties.

For whatever reason, it really compelled me to get off my rear-end and DO something.

There were even hollow core exterior doors, very inefficient.

If you purchased in any of the Bay Area core markets in 2006 and sold in 2011, you'd be a sad panda.If you purchased in any of the Bay Area core markets in 2006 and sold in 2016, you'd be a happy camper (to say the least).If another once-a-century event hits us, do you have the wherewithal to sit tight for 10 years? 

Maybe the previous landlord did nothing and so they didn't feel compelled to do anything. 

Currently 67.1 percent of households between the ages of 18 and 34 rent their residences, the highest percentage of U.S. renters, and the sheer population size of this generation will organically add 2.5 million people into this core renter age cohort by 2025."

Any no core te code violation should have been obvious to you.  

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Standard disclaimer that I'm just an internet guy and have no law degree nor tax certifications, but from my understanding the law is fairly lenient on what constitutes proof of residency for this.As far as investors with experience on more hard-core construction, reach out to @Jared Watson.

@David Faulkner  At least Norris understood what a loser TExas was for out of state landlords and the sky high property tax's and foundation issues.. he makes some compelling cases against Texas