Also they could be involuntary liens such as code enforcement or other municipal fines which also are superior to the 2nd. 

If anyone is going to tip toe into executory contracts (CFD or L/O), you should be able to cite chapter and verse of Texas Property Code, Chapter 5 (Conveyances), Subchapter D (Executory Contracts). 

If this is happening and was merely left out of your post are you certain this architect is knowledgeable about the local code and permitting process? 

The ARV percentage will fluctuate from ZIP code to ZIP code, subdivision to subdivision, even within the same major market area.Exit strategyThis rule varies depending on the exit strategy.

It wasn't to code, and couldn't be easily adapted, so we told them we couldn't use it, a total waste of their money. 

ALWAYS do your own research on comparables, rent amounts, building codes and violations.

There, you'll find detailed information on investing, both in general and specifically in Las Vegas.Before I continue, note that unless otherwise noted, the charts only include properties that match the following profile.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garage, minimum lot size is 3,000 SF.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties.What we are seeing:The chart below is from the MLS and includes ALL property types and price ranges.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthInterestingly, September saw a rent increase MoM ($1.21/SF vs. $1.18/SF), bucking the traditional seasonal slowdown trend.

I have a 3 BDR one bath  house in Maple Heights Ohio that I am considering renting to section 8 tenant .CMHA chart for the house zip code showing a max rent of around $2000 for 3 bedroom.I know market rent of my house is approximately 1300-1400 $I am adding efrigerator and oven.The house is older but in decent shape.

So basing it off zip code is a bit misleading.

I don't mean building codes are a negative at all.