Such conversion need not comply with the requirements of the following specific provisions of this chapter:  (a) Section 13-196-660 (height limits); however, in frame buildings, four or more levels of living space shall be prohibited and in buildings of ordinary construction, with or without attic living space, five or more levels shall be prohibited;  (b) Section 13-196-050; however, all dwelling units must comply with the exit provisions of Chapter 13-160 except basement dwelling units may have a second exit through a room containing a heating plant;  (c) Section 13-196-670 (stairwell enclosures); (d) Section 13-196-680 (corridor enclosures);  (e) Section 13-196-690 (dwelling separations);  (f) Section 13-196-710 (basement ceiling construction); however, if the basement contains a dwelling unit the entire basement ceiling construction is to be wood lath and plaster of half hour construction;  (h) Section 13-196-720 (heating plants); however, basement apartments are to be separated from heating plants with partitions of one hour construction.

In your case it would probably be based on wood frame construction.

I literally just wanted to hang out in the woods, but nope apparently I am going to infect them all LOL.

@Timias Woods this was my first deal with him, although i knew him previously.

It's a wood frame house on pillars that needs some fixing up, but overall nothing major. 

We are going to fix the parking lot, paint porch ceilings, improve landscaping with box woods and mulch around the buildings, and improve interiors by replacing old appliances and upgrading bathrooms.

My house has beautiful detailed original dark wood trim (house built 1894).

@Santiago Coppoletta check out Metro Detroit cities that border Detroit: Harper Woods, Eastpointe, Warren, Hazel Park, Redford, etc.Excellent returns while avoiding the headaches with the City of Detroit.

It's right on the river, a true log cabin, Andersen wood windows, handmade furniture, high-end finishes and decor. 

The one thing I can think of is wood rot.