There are many regulations and codes specifying minimum load requirements that were not seen back then.

Update - 8 months later.The only repairs I've had to do to this property:- Replace the garage door (this was on the inspection report)- Build some back steps (this was on the inspection report)- Replace one piece of siding that got blown off at some time (which was on the inspection report)- Add some downspout extenders (this came up during the code compliance)I've had hardly any repairs on this property. 

Texas Property Code states "At the time an applicant is provided with a rental application, the landlord shall make available to the applicant printed notice of the landlord's tenant selection criteria and the grounds for which the rental application may be denied...."

Since they want the properties in my name and not the LLC, the title change alters the length of time the properties are held to the day the change takes place, which makes it under 6 months.

If so, you it will that kicks you into a Level 2 Alteration per the IEBC, which is the governing code on your project. 2.

After looking at the appraisal I realized that the appraiser used three comps that were over a mile away They weren't even in the same zip code.

If you buy you need to look for code violations, back property taxes owed, water liens, EPA issues with the land.

I'll assume you have a mortgage, you mentioned your 7k equity so I assume your note is about 53K.You're screwed again since you drafted the agreement so you'll be responsible for proposing the deal, selling the deal, drafting the agreements improperly, and doing the deal in violation with law.I have no idea how you closed this or even if you did close it, as a title company or an attorney probably would not have done this.Now, you're in violation of IRS tax code for failing to file the transaction on an installment sale.

He was riding the appreciation wave all the way to the top.Here's a post that caught my eye: https://www.biggerpockets.com/forums/48/topics/9594-life-altering-financial-desicions-to-make-Michael Rossi seemed to know exactly what was coming with the 2008 recession based on his response.2 guys on total opposite ends of the risk/reward spectrum, with tons of value shared through their posts...

Originally posted by Steve Babiak: You also want to be certain that there are no screws being used to hold together the connections of sections of duct on a dryer, since those screws become points of lint accumulation when their tips get inside the duct.This is code in many areas.