Oh yea, deduct your expenses such as loan serving fees, BPO/CMA, special servicers fees, O&E reports, attorney fees, code enforcement liens, forced placed insurance, unpaid taxes, repairs, then you get ROI.Consider these steps to being a note investor1.

Also the coupon code MAPINVEST should get you 10%off.As for Charlotte, it has been tough to get deals.

So my 184 unit complex pays $1840 per month and my 432 unit complex pays $4300 per month.For that price, we get:All accounting services except for audit and tax.Management of all homeowner issues/complaints/maintenance requests, etc.Management of all vendors, work orders, bids and quotes, etc.Regular code enforcement walk through, notifications and fine managementInterface with collections attorney.Annual meeting management, including adhering to proper notification periods, proxy counting and all the crap that goes with it.For my larger complex, we get a management company employee who sits in our clubhouse 2 days per week to help homeowners with dues payments, questions, etc. 

Is it a possibility of bringing the 1 bedroom and 1 bath that is not permitted up to code?  

This latest curve ball in the 11th hour has altered the deal in what I consider a pretty drastic way so just trying to make sure I don't get burned. 

I've had a pain in the *** mail lady before who apparently knew the entire Postal Code, so I'm sure there's a rule about it.  

I would definitely recommend familiarizing yourself on the Texas Property Code.

We aren't sure what the ethical codes are since my partner and I are not agents. 

However,  I see one has a Use Code "0800 multifamily < 10 units" and the other has a Use Code "0100 single family." 

The home was last upgraded in the late 1990s/early 2000s, so I suspect building code has changed between now and then.