The owner of a duplex is facing a number of charges following a fatal fire over the weekend.Under the fire code the landlord is facing two charges for not having proper smoke detectors and two charges for failing to have proper carbon monoxide detectors.He’s also facing a charge for improper fire separation and another charge relating to self-door closers not operating.A woman died of smoke inhalation Saturday morning at 395 Curry Ave.

Our capex estimates increased substantially based on what we'd need to do to pass code but also to raise rents (somewhere to the tune of $500K-$800K).

Also in this neighborhood the historic planning people have building codes like paint colors and window choices you must follow.

And the city is slow with permits and very strict to deal with rehabs.

The previous landlord put in a 5th unit in the basement with no windows (also does not meet fire code).

I like to compare my actuall Real estate board stats to what they say, I find its usually cherry picked data.If the Toronto Market starts to fail the ripple effect will start to been seen on the outskirts of the GTA first and foremost, as those values are based strictly upon lack of affordability in the city core.Most cities with their own economy will weather the storm with ease and see little to no negative effects, Brampton, Missisauge, Cambridge, Hamilton, Kitchener and similar areas will see mild stagnation if not slow growth.Places based purely on accessibility with little employers in the area will get hit the hardest as the Toronto market slows down or sees negative appreciation people will buy in the city core rather than an outskirt.

Only reliable contractors who show up, meet timelines without excuses, and know the local permitting and codes need apply.  

We are looking to buy houses that will rent for above $750/mo in the following zip codes 38109, 38116, 38118, 38141, 38115, and 38117.

Any other zip codes you would suggest with houses less than $70k?

Make sure you have a detailed scope of work, acknowledgement of standard codes with a willingness to bring the property into code and I think you will find them very helpful.