If you pay $175 per foot and the economy enters a brutal recession, which, with Trump and the GOP, let's face it, it will, you might be "buying high" and forced to "sell low" My two cents.

While I am sure there are cases where someone could sue to try and force it etc, the seller would really need to push quite a bit to try and get something out of it.

The new state bill going into effect January forces cities to follow their guidelines.

In the absence of good lighting, as contractor, will you provide your own ancillary lighting, or will you just get by, which could impact the quality of work performed? 

If Atlanta quits creating jobs, then the apartment market will crash.A huge surge in fuel prices would probably have the biggest impact on GA.  

Property is in northern Michigan and is a very nice area with a large work force

I think we probably over improve in our market in CA, but we have been successful at the BRRRR and it is easy to force the equity, which we have to or all of our cash for the down would be stuck.

It works well for C properties.It is also area-specific.

Could the courts be forcing the owners to sell to pay back the loan?

I use private money, rehab the building (force appreciation), refinance and try to get my money back out.