That means there are no additional compliance costs other than the LLC annual reports etc. 

Room additions, structural modifications, or other alterations or repairs made without necessary permits or not in compliance with building codes in effect at that time"You might not be able to charge extra money for the addition but you should just chalk that up to lessons learned.

I also inspect plumbing to assure there aren't any leaks, maybe filter replacement, co and smoke batteries.

I was assured (by the customer service agent) that one of the 2 managers supervising our condo manager would contact me right away regarding the situation.  

You will want more information and assurance than anyone will give over coffee.  

Whats that assurance worth?

You want to be assured that they are doing exactly what you're asking for.

The contract takes it one step further and breaks down not only the price, It explains what is included and excluded as to the compliance of the lawful transparency of your deal and agreement.

It's actually pretty bad, but for a loan amount that small as a mortgage, you may not be able to do any better.The flat costs of CFPB compliance are there no matter how small the loan -- this is what the outcome of that looks like.

I am just chiming in as a PML who evaluates ARV's closely to assure I am not lending to a ZERO down Borrower banking on a Flip which is competing with new construction.