The local law says that the non owner occupied property being rented will need a designated host that may or may not be the owner however that other line item in the code that stipulates that the host must be available within 30 min driving while the unit is occupied becomes the dealbreaker.

I want to be a part of this market because I know I can offer tenants a well-maintained, up-to-code home.

I think I would probably talk to an attorney tbh these business purpose non regulated loans do not have rate locks that have to be honored legally.. they can and do change them unilaterally.. borrower accepts counters or declines and loan fails. 

It still is very possible to find properties that meet the 1% rule without much difficulty; but it’s also tougher now to find a mortgage for anything valued under $100k – regardless of condition or P&L.To me, the shenanigans Code Enforcement continues to play on a new owner after a sale plus the recent increase on the annual rental registration fee really discourages buying more in the City.

This question is most likely best for a lawyer familiar with local regulations and code.

The plumbing industry has so many different type of materials and codes that most customers simply don't know what to buy and get frustrated after so many trip trying, because they keep buying the wrong thing.

@Michael Plaks Honored to me mentioned by you, in such esteemed company!

@Akil MitchellFrom my experience, when buying a property, it's crucial to assess local building codes, potential de-conversion costs, and permit requirements.

Do you want to build it to code and get it approved by the county? 

I am specifically looking at zip codes 76543 and 76549.