At some point "slum lords" will be under the microspore, the owner may not be aware of being identified but, take my word for it, you're on the "list".

That being said, they are not required even by Section8 in most So Cal munis that I'm aware of.  

It got me wondering just how many folks are aware of outcomes of some of those practices really are.

@Damian James just be aware Trace P is talking about Warren County, that's different than Warren Ohio.

I have one I'm developing now and I wasn't aware there were others.

There are some markets that I am aware of that would work for what you describe, however the issue from my point of view is these are just riskier investments by and large because your relying on many factors that you cannot directly control.

I will use a standard RE purchase agreement for my area.A few questions:1) I'd like to use the standard lenders/purchaser agreement for my area (i need to find it), and I know that I'll need to record it, but is there anything else I should be aware of?

But this concern is more on the seller's side and if that attorney is aware, the chances of then blessing a wrap deal just dropped some more.I suggest you partner with a money guy since you might get some equity, or, partner with the seller, you make the repairs if you're qualified and then sell.

I'm aware its not a long term solution to provide the vent boxes.  

Are you aware of other reputable turnkeys in either market?