I'd be willing to bet they coded in an override or factory reset into the control panel anticipating codes would be forgotten or it becomes locked.

Stacking current building code on outdated building code (or something before eng codes existed!)

It will really depend on zip code to zip code.

@Timothy Wade This is from the Texas Property Code Title 8 Chapter 92;"Sec. 92.008.

Also, some to many investors don't use conforming residential loans because of the strict income requirements and everything else since they don't "look" like your typical homebuyer financially.Hope that helps. 

PadMapper shows all the apartment listings within a given zip code, and Rentometer is a popular one as they have a very basic free service showing percentile breakdown of market rent. 

I can prove rents and there’s are no building issues, fixes needed or even building code requirements in my county where the rentals are.

Also older property types might have knob and tube wiring or other not up to code electric issues.

Additionally, throw in a couple of plants around the new gate and it could really dress up the front.On a side note and I think this is very important, if you have an electronic gate, you are able to provide the code to your local Law Enforcement agency.

Many vacation destinations were closed to travelers, so states and cities with less strict COVID policies benefitted.