We annexed into an adjoining city and gained another 180 buildable lots.

Rent control on a surface level seems helpful and simple enough but really it  contributes to housing shortages, bubbles, and all sorts of political greed. 

tenats often get code violations(this would surface during title search)even though the property mortgage may have a few years left do the numbers make sence?

You pass through a 6-7 feet wide walkway between the two adjoining lots to access the rear unit.

The term "brokering contracts" has surfaced on here and I know the landscape for LO is evolving.

If it appraised for $350k, you could do the primary 80/10/10 and net ~$55k cash out to bring the underwater one CLOSE to swimming at the surface.

The attached master bath includes stone floors, solid surface counters, and Tub/Shower Combo.

No smoking, to include cigarettes, pipes, cigars, or any other tobacco smoking material, and/or vapor like products is allowed within the structure of the building; including the rental unit, basement, garage, or outside on the adjoining grounds, either by the Tenants or their guests.

I am being told the process to take care of it is scrubbing all walls and surfaces including appliances with a specific cleaner for this purpose, then to treat the walls with a product like killz and then a couple layers of paint.

Many areas of creative dealing only scratch the surface of legal aspects in real estate and business law.