Every room occupied for sleeping purposes by one person shall contain at least seventy (70) square feet of habitable room area and every room occupied for sleeping purposes by two (2) people shall contain at least fifty (50) square feet of habitable room area for each person.

It is quite common for a state's definition of habitability to include at least a stove.

Your wanting to do high-risk via extreme leverage....via high risk OOS investing, committed to never being boots-on....... via high risk class c....... doing reno's to make habitable which is high risk at a level we should just call it EPIC risk..... 

And having good habits and being disciplined will help you be a good investor, property manager, landlord, etc. 

Also, I strongly urge you not to make a habit of going into transaction planning to trade terms based on inspection report findings.

You might want to read our series about “How to Screen a PMC Better than a Tenant”, since selecting the wrong PMC is usually more harmful than selecting a bad tenant: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes

When I sell it I will be back at square one, no harm no foul.And I do mean WHEN I sell it. 

The designation means no one can live in them.Those safety issues need to be remedied before the properties’ owners can get the go-ahead from L&I for renovations to make them habitable, Guss said.

You don't live "bad" financial discipline, accrue wealth and THAN gain healthy financial habits from the $, that's nonsensical.

Property must be habitable now - there is not  a renovation product.