That is likely almost the worst case if the damage is not extensive.When refurbishing the present structure be aware that major work might force you to bring the whole building up to present code.

Again, I'm not an attorney, not a Costa Rica attorney, nor have I reviewed fully the legal code involved.

3) full carpet replacement (home is 1,474 sq ft)4) interior and exterior paint work needed (home built in 1940)5) needs vinyl windows (there are 12-15 windows)6) some wall areas need to be re-sheet rocked due to holes made from previous owner(s)7) basement ceiling is low and should be lifted (room to be lifted another 6")8.) need insulation and sheet rock in basement to cover foundation area to turn into a potential family room area9) new kitchen cabinets10) appliances (washer/dryer/stove/dishwasher/fridge)11) new kitchen countertops12) update bedroom closets13) install regular sized door and doorways for 3 bedrooms14) new front and back door15) turn upstairs into a master suite... knock out a few walls and alter 2 bedrooms upstairs to a master bedroom with a walk-in closet and an attached master bathroom16) landscape and curb appeal17) stairs are kind of steep leading upstairs... don't know if could be changed?

I would also love to find out what the hot zip codes are in NOVA, DC, and Prince Georges Counties for investors these days.

The last deal was a 50's stone house on a busy street adjacent to a high class zip code.

This is code-driven, meaning you do data entry by first inputting the property code, or vendor code, or tenant code, or...

Or does this not matter because of their code of ethics?

But in many (most) states "common lawy" or civil code probably requires the landlord to either "renew" or notify tenant of "non-renewal" at least 30 days prior to the end of the lease.In any case any "on the job" landlord should be keeping in touch with the tenants to determine their intentions and either extend or give notice of non-intent to renew.all cash

Check your landlord tenant code, and confirm.

If the history of the property shows that the structures were not built to code or that they could not be rebuilt if destroyed the lender may decline to write the loan.John Corey