The rest is history and a story of success people find inspiring but hard to believe.Good luck      

You are officially my hero! 

I negotiated through the original contract and then put the rest of the deal together with an existing group of investors.

I didn't want the bugs to move to the other two units so I covered half of the expense and the tenant paid the rest.  

I just feel there are many residential GCs, who may be great builders, but are not fit to be running their own businesses, and this results in some horror stories and a bad reputation for the rest of us. 

Like @Jordan Moorhead says the rest you will learn as you go.

They are rarely reported accurately by realtors on the MLS when transactions close to begin with and I don't believe anything other than the contract sale prices are utilized although an official study on this would be very interesting albeit a painstaking process to undertake. 

He swindled all of us, and now will ride to the sunset, and laugh at us for the rest of his life?

I have a family investor that I will borrow from for the down payment, then finance the rest from the bank.

If there were other issues though, be aware that they could choose to enforce this minimum at any timeMore recently, the city has created a rental database with contact information of all active rentals in the city that law enforcement and city officials have access to.