The zip code is 44111.

Your fee goes to the basis in the property for the buyer and you're in violation of commercial closing requirements under the IRS Code as well as filing requirements under the transaction.Had to get deep into this to find out it's an investor buying.

I 've been wanting to start a bandit sign campaign (we buy houses) so I called code enforcement here in Charlotte to check on the laws.Fines can be up to $500 per sign!

Some of the sophisticated code can run forever even with massive parallel computation.

You can do that by looking up people in that zip code on BP, speaking to real estate agents & property managers in that area or by having a mentor who knows people in the area.

Scenario:Investor purchases building in North Miami in fairly dilapidated state.3200 sq ft block construction with no doors, windows, electrical, drywall etcAt time of closing investor is informed an additional $5000 is payable to Miami City as a 'bond' and the property must be fixed up within one year.Repair quotes for property vary from $110,000-$180,000.Investor flies in contractor from interstate who rehabs entire property with everything meeting code standards, for total cost of $35,000.

They are more so seen as a member of the "Bank Team" which is code for conservative value opposed to the investor team (when selling) which tends to want to be more liberal valued.

Most do because of hail storm 2 yrs agoMust have newer hvac.From that point.Only cosmo fixer or less than 2k for plumbing, electrical code issues etc.It appears 3b is as good as 4b as far as rents.

I found this discussion chain as well about uneven land. http://ths.gardenweb.com/forums/load/build/msg0807512327940.html .Not surpisingly, most folks agree that it could be possible to build here but could be expensive and has risk, so buyer beware.

I'm in the middle of this nonsense as I write this, which the listing broker states is targeted towards investors, and not O/O.I walked because the 2nd bathroom in the basement is not permitted, and my guess is that it will cost a great deal to bring it to code, which completely throws off the budget, and I consider that a legit reason to walk.All thoughts, comments, and experiences are welcome.