The schools are great and according to zillow homes in that zip code should raise about 6.0% in value.

In addition, there is a code enforcement case on it that is a couple years old and still open.My question:  How do I contact Fannie Mae to purchase the property before they list it or auction it off?  

There was a ton of hotels in financial distress in the early 90's and the founders took advantage of some unparraled changes in the tax code to put it all together.Having said that a public traded REIT is very expensive to form.  

An egress window must satisfy four International Residential Code (IRC) criteria:• Minimum width of opening: 20 in.• Minimum height of opening: 24 in.• Minimum net clear opening: 5.7 sq. ft. (5.0 sq. ft. for ground floor).• Maximum sill height above floor: 44 inThe physically smallest windows (w/r to rough opening) you can use would be either a casement window (with egress hardware) or a tilt-n-turn style window (common in Europe).  

Base on zip code: Return list of Homes for sale, foreclosure, or other types.2.

But if you do not have any experience in property management and am new to investing I highly recommend hiring a property manager for at least the first few years since certain areas can have varying code requirements for apartments.  

I can even read the Indiana code and I see where the law says that.

Texas Tax Code 34.21 is the law that explains the requirements for length of redemption period. 

One of the things we could do is to change our tax code and go more to a consumption tax.

The other hang up is that it was built in 1964, so there may possibly be code violations I will need to update such as wiring and plumbing.