In my opinion, a bad joke on the part of Norristown to call run down blocks historic and force people that actually intend to improve properties to conform to make believe aesthetic preservation.I do contend that it is still possible to make Norristown work if you find a good enough deal. 

Do you care that you are making a juicy profit from a lot or a commercial build or ever a non-conforming dump - it's all about how much you get to spend when you are ready to spend?

The difficulty in getting financing is that the way they are built they do not conform to standard building codes and banks will not finance as with conventional homes.

Non-conforming uses can also cause headaches if local regulators ever get wind of it or if you go to sell the property and misrepresent it's intended use.

@Will Guy Generalizing a bit and trying to put this very plainly, if you are seeking a conforming, residential mortgage for this transaction, it is probably not going to happen with you closing it in LLC.

Second, you need to find out done facts, average DOM, inventory levels now, last quarter, last year, 2 years ago, and break that inventory down into short sales, REOs, and standard sales.Next, you want to look for conforming properties, meaning you buy a home on a street with similar size homes on same street, i.e. don't buy a 3500 sq ft  6 bedroom home where the rest of the homes are 1500 sq ft 3 bedroom homes.

I can't blame people for trying to conform to lease terms.When I got the application from this couple, he said his landlord is selling the house, he has to give notice, he'll lease up by July 1, so his landlord would have adequate notice and he like to do that since the landlord's been very good to him.

If folks are using a conforming lender to buy properties they are transferring the title to their LLC. after everything is stable...

I know in Norfolk it's considered "non-conforming use" even if zoning changes assuming the use isn't discontinued for a period of two years.

If you are purchasing in your own personal name, you might qualify for a traditional Fannie/Freddie type conforming loan.