We looked into having the utilities split a while ago and the code officer informed us that doing this would result in us having to update a range of other things that are currently grandfathered in.

Can anyone tell me what code you use for real estate investment on irs form 1065

Check bestplaces.net and type in the zip code it gives you all the information on a certain area your looking into.

Who knows what was done in the past but you could get into quite a pickle with code enforcement as well as getting financing for the property if everything isn't what it should be.  

Bring it up to code.

Hello BP,Does anyone know a good property inspector or GC who can look at a property to see what it needs in repairs or if it up to code? 

If the house is older but the systems are in good working order, am I required to upgrade to latest electrical code that changed this last November?

Now if you are strictly doing flips then it may be more effective to only knock on doors that are one of the following:Sheriff sale propertiesPre foreclosure 90 day late 2+ year late taxes Code violations Owner occupied evictions (usually multifamily) Expired listings FSBO This is more time consuming and requires route planning but for flips this is the list of people who have a higher chance of having distress & would give up equity to solve that  problem & close quickly. 

After inspection by the city, the city has determined the previous owner made some sort of repair to the door that no longer passes code.

Bullet Points for St Petersburg:Short term rentals (anything less than a month) are technically illegal, but...Code enforcement only enforces this on a "by complaint" basis.The City can't change this law in any way (in either direction) without risking losing the ability to regulate short term rentals altogether, so...We have a thriving Air BNB "black market", but it's inherently risky and you should not base your long term cash flow numbers on this model...the smart strategy seems to be get it while you can, but be prepared to quickly shift to a long term rental strategy if you get busted.