Positives:Extra income.Today FNMA doesn't really care about non-conforming areas as long as LIKE properties transact in your market.Added income for a potential buyer.Negatives:Insurance - If destroyed you couldn't get it re-built.Possible fines or you could be asked to re-convert the home back to its permitted use.What happens if a tenant gets injured by living in a non-permitted area?  

That timing would be ideal for sure but i wont be closing on the property until mid august and needs a few updates before i can get anyone in,  So im going to try and put it out there and see what kind of results i can get.  

Then, on top of that, your failure caused harm by destroying the borrower's credit, that can be worth much more than a house.

I dont know how your mortgage works but I have a leeway till the 15th of the month to pay, so a late payment wont affect me till the 15th.  

It seems like where scaling out would really hurt you is a lot of those admin costs wont scale for example needing Texas attorneys and Florida attorneys to handle foreclosures. 

I wont compete with you.

get out and start driving your investing areawrite down the address of houses that look vacant or the houses that are in need of lots of repairs.look  on bp and find a good mail piece to send the home owners and when you get a return call from a seller and dont know what to say post on bp and ask what to say their are tons of investors on here that will help.one thing i know for sure if you dont do anything you wont get anything now get out on the roads and start looking for deals good luck @Gustavo Martinez

I wont have a penny in this deal. 

There are not a lot of foreclosures in Austin because the market is rather hot and sellers can sell their homes and make a profit or break even rather than let their home go into foreclosure and destroy their credit for many years.

If he wont, then talk to the broker, if they wont file a complaint with the RE Commission for misrepresentation.Like has been said, the purpose of that document is to protect the agent in case they show you a lot of houses, then you go behind their back and buy one of them to cut out their commission.