Someone mentioned the term "PCI Compliant" (or something like that) and something about renters possibly able to do chargebacks before moving out. 

It's likely a code- compliant installation, however.  

Unless your rooming house is fully compliant with Fulton County and City of Atlanta ordinances {see http://atlanta.elaws.us/code/c... for starters}, you're going to have a hard time finding any professional property managers willing to touch it.For them, that's a lawsuit just waiting to happen...

The purpose of the 203K is to fix, renovate,..... and what would you imagine is part of the Scope of Work- "Make the building FHA compliant"  

First, check your local and State laws to ensure you are compliant, but here's what I recommend.1.

Hopefully that same firm can assist you in minimizing your tax bill while filing a compliant return.

I’m dying to get me a 12 unit apartment complex that I can rent out. learned about 1031 exchanges,syndication(it’s necessity to be SEC compliant),wholesaling.

. :)Note: as a licensed agent - ensure that you're disclosing everything properly to be compliant.

For that, I would need an attorney to write and evaluate those texts to make sure they are compliants with Kentucky Law.

It's important to stay compliant with RESPA and other regulations and that's part of the servicers job.