Real estate is, by its very nature, creative, inventive. 

Naturally a property owner has a legitimate need to know if a prospective can afford the rental price and has the means to pay.  

It depends on the nature of the code violations.

I will be leaving my current job as an academic for personal reasons so I'm looking for cashflow with less risk to supplement my income until I decide what to do next.

Would like to pick up a 2-4 unit property to supplement yearly income.

Hey @Ceasar Blackman, I can attest that you don't need a job to supplement your real estate skills... as I went straight from high school to real estate. 

Hello Deep Pockets, what you will come to find out about me is I am a great listener, avid student,can think on my toes,love nature,am enthused about Christianity.My big dream is to own a hotel or motel and have a fellowship center on the property where meals are prepared, trips planned, and bible reading integrated into the business.

Talk to your dad about it, but I think he will agree that owning long term investments in a C-Corp is generally not a great idea because the income generally loses its nature as investment income and its (usually) lower tax rates.In an S-Corp, you don't avoid all FICA taxes.  

Both introverts and extroverts have natural advantages and disadvantages and so both have obstacles to overcome.

I've had a couple of condos in great location but have had very different results due to the nature of the HOA.