I have to make some modifications, among other things, but they flat out told me that the new regulations were coming and that because I'm making the effort, they're more likely to grandfather me in in the future.Make sure you account for furnishing the place - I can tell you from experience, it always costs more than you think.  

It is vital to find a rehabber/remodel contractor that covers a wide range of trades. 

This overturns an earlier decision holding that companies lacking a physical presence in the state could not be required to do so.The 5-4 ruling is also a victory for U.S. states, which have been deprived of billions of dollars annually that would otherwise have gone toward the construction and maintenance of infrastructure, education and other vital services.

You can't just go to lowes and find replacements without major modifications.

These are valid points, however, I can say with confidence that as long as the P.E. is comfortable with the design and specifications as indicated on the drawings, the P.E. can chose to stamp/approve the drawings if he/she feels comfortable that the building meets all standards and requirements as per the state/local laws, and if he/she does not feel satisfied with the drawings, he/she can make those adjustments themself or coordinate with the draftsman to make the necessary modifications to satisfy the local requirements or whatever the approval level is.

Specifically I'm looking for information on the pros and cons of the loan modification process.  

I have played around with a few loan modifications and charged up front.

You should be able to come up with a template of sorts that can be applied to all your properties with slight modifications based on the property itself.

I listen to every call to see what I'm doing wrong (which is vital for me because I usually can't hear my mistakes when I'm talking).I'll keep you updated on results next week.

It seems like you're in a prime position to make things happen for yourself and your business :)A good solid title/escrow company is a vital part of any investors dream team!