His practices & teachings will prevent a financial disaster but will never lead to wealth. 

(J) "Disabled licensee" means a person licensed pursuant to this chapter who is under a severe disability which is of such a nature as to prevent the person from being able to attend any instruction lasting at least three hours in duration.

The issue is when I am looking to buy properties they are often rented out, preventing me from putting low % down.

@Greg Lovern Borrowers frequently declare bankruptcy to prevent the foreclosure from proceeding.

I've found it's worth having binding documentation as it defines expectations and prevents future issues.Good luck!

That said, an experienced buyer would know that this needs to be torn down and built new because the regulation prevents a flipper from pulling a permit to spend more than $10k on rehab.Just something to keep in mind when looking at properties in the floodplain.

You've just hit the big snag that prevents 1031 investors frequently from entering into syndications. 

Surprised that non-licensed contractor made it through underwriting. 203k are typically underwritten to death - including the GC - exactly to prevent things like this that make them so high risk.

Offer to make their payments to prevent their foreclosure, on the terms that they left the property.

It also depends on what locally is exempt from permits....in central FL a fence requires a permit, locally in San Diego CA a 6' fence that is no load bearing (it's not being used to prevent a person falling over a wall or something similar) doesn't require a permit.