Whether or not you are interested in landlording, code enforcement impacts many aspects of real estate investing and it is well worth the time to understand the process and ask questions if you care to.

Where you are operating will have some impact on the information you may request and should expect.Here in Canada, we may ask for an applicant for their Social Insurance Number (SIN)  {our equivalent of an SSN), but we cannot require they provide it.  

Increased rents above 695 would have a marketing impact vs say 735 with water paid. 

They are merely properties that may be tired and run down, but not necessarily a forced sale. 

But it has no impact whatsoever on the outcome. 

If you are impacted by people saying negative things, hang around investors that love what they do.  

IRR is far superior in its ability to account for leverage and the motions you have to go through to calculate it force you to have a deeper understanding of how the the money flows through a property.However, the biggest problem with IRR when looking at Real Estate is that so much of the estimated return is based on your exit valuation, which depending on what sort of real estate you are involved in, can be absurdly difficult to calculate.The important thing isn't to decide which metric is better than others, it's the ability to separate out your revenue, expenses and cashflow to see where all money goes.  

My brother said it would because its not owner-occupied no more and it becomes an "investment" home so the lender can call the entire loan or force me to refinance under "investment" home terms.

We come to the conclusion that we were either going to be forced to get less rent ($1200 or less) to get a good qualified renter, or we would be getting tenants that would not qualify to rent a SFR (bad credit, marginal income requirements, etc).So after we had our eviction, we decided to see what we could sell it for.  

To refinance and get your cash out, you need to force 25% equity by increasing the market value.