The IRC has no restrictions in a sense but there are other code bodies that do.

For example any pets may result in eviction etc. because a lot of people interpret "no pets" as pet restrictions for pit-bulls etc. even though this is not the case, because many who self manage do change their policy especially if their unit has been on the market for a long time.

A question I have is if it is a relative safe assumption or general rule of thumb, used in a quick analysis scenario, that if a property has a Certificate of Compliance with the City that the MEP has been inspected and is up to code.

That would be theft.You will be much better off finding an attorney or advisory firm that can integrate the LLC with the overall IRA setup & administrative services and meaningful consultations related to maintaining compliance with IRS rules. 

Under Fort Worth, TX rules, if community home is up to 6 residents + 2 caretakers, it is not rezoned, it's still stays residential. 

. :)The deal with the 100 mile rule is only applicable if deriving rental income from the departing residence is needed to make the numbers work.VA - will count departing residence rental income once you've got landlord experience.FHA - will count departing residence rental income in very rare circumstances that aren't applicable to most people. 

The new rules are draconian. 

But as a rule of thumb, I would take a look at your city's zoning code or call up the building department and ask how many parking spots are required per unit.

You'll find out how they "should" be handled by the board and then you can hold them accountable for following said rules or be in legal jeopardy for not following their own bylaws.

That leads to "hoarding cash" either in a checking account or in equity, because rule #1 of investing is don't lose capital.So I propose an Option D: Invest $100 in something you think is worth $120, but was worth $100 and it corrects to $75; you still get a 6% return, but now you need to pay to add value, which gets you to $100.