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'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.

-East Nashville caught fire years ago and is now one of the hottest ZIP codes in the country (featured in the New York Times, etc.)

Building code changes for buildings over a certain number of units.

I also found the bi-weekly payment arrangement addendum for Maryland but it doesn't mention anything about limits (nor does the code below)

There are quite a few very nice rehabs that are the same price or lower, for newer, bigger houses in the same zip code.

You'll likely have to bring affected areas of the house up to all current codes, so the work won't be limited to just the addition.Does this even make sense to do?

[Utah Code 61-2-2(12)d].Your friend may have not technically "hired" you, but you really need your friend to hire licensed professionals.