I think some builders area sticking with the higher end stuff and only shoeing in affordable units when required by regulations. 

Usually, I'll sell a note because I have an over concentration of a particular asset type or product type in my portfolio and a regulator or examiner has told me they recommend (or require) that I reduce that concentration in my portfolio.

I have decided to go ahead and allow them to get a dog as I believe it will create a 'home' like environment.

Stop driving for dollars, you can find distressed properties at the building regulations office, notices of violations.

When working you way through the methodology and lists in Jason's books, just keep in-mind that certain aspects of financing and regulation will be different in BC, Canada (if that is where you plan to operate).Once you have absorbed "book knowledge", I would advise networking to finding an experienced rehabber in, or near-by, the area where you plan to operate and approach her/him about participating in an upcoming flip (you bringing capital to the table) to learn the ropes.Finally, I trust you plan to look elsewhere than Vancouver proper which has a crazily overheated market these days and you will need to command healthy sums of capital to play flipper in most of the City and surrounding 'burbs.

My experience with conventional loans in todays environment is that they will not loan money to perform the rehab.

You build a relationship first, then talk about doing the deal (SEC regulations).

I am a child and family therapist in the East Valley and I often refer some of the kids I work with to occupational therapy to help with sensory issues and regulating their physiology.I have been investing in real estate as well over the past few years.

I will take a closer look at the regulations you linked, and perhaps reconsider my location, as the rental property will not be my primary residence.

Could not find the current code right now:The code, in Section 13-196-490 providing rules for sleeping rooms in residential buildings, goes on to say: In every family unit and every rooming unit, every room occupied for sleeping purposes by one occupant shall contain at least 70 square feet of floor area, or if of original configuration need only comply with the regulations in effect at the time of its construction.