Tax law requires it.

Once, there they will require you to apply to assume the loan. 

Hello, can any Chicago lawyers or property managers shed more light on the new flood disclosure requirements on the RLTO?

In Cleveland you can find below market rental ready duplexes that require minor repairs (keep in mind that discounted properties come with their own challenges).

The quick answer is no, but best to read this article as various states have certain requirements: https://www.zillow.com/learn/do-i-need-an-agent-to-sell-my-house/

@Jim G.Per the International Residential Code if the glazing is less then 60 inches vertically from a standing or walking surface then yes it’s required to be safety glass as it’s considered a hazardous area.  

And I like that you are not cutting corners on things that are required (like code-compliant electrical) to things that are just nice, like backsplash or 3 way switches.Cost-wise, this is really a best-case scenario and it is great that you are pointing this out!

If you are zoned for a triplex then you can see what they will require, which will most likely include sprinklers in the whole building.

There's also plenty of lenders who falsely represent the true capital requirements to originate their loans or are merely up front fee collectors. 

Many hard money lenders offer loans that include rehab costs, which could be beneficial for your BRRRR strategy.Alternatively, if you find a lender that offers a DSCR loan with a lower down payment requirement, that could be another route to explore, especially if you already have positive rental income history.