Loss Prevention companies use them to document crimes for easier prosecution, IF they are able to get a good picture of the criminal.Fun Fact, most state audio recording laws were conceived to protect our 1st amendment rights to Free Speech.

You will find information on every conceivable topic here!

What the mind can conceive and believe, the mind can achieve!

Obviously this is enormously risky because you'll then become liable for those violations and fines--but I'll explain below why this might be at least a conceivable option, if you are buying with cash/not a mortgage.Second, more than likely, if you're getting a mortgage on the house, your lender will more than likely want to see some sort of CO or CO equivalent (in Union City it's a "No CO" letter)--regardless they probably wouldn't give you a loan if they know that there were outstanding fines/violations that perhaps exceeded the value of the house!

Fortunately, this is still considered single family under landlord tenant act and financing guidelines, so you could conceivably get a 30 year fixed rate mortgage for both sides, (2 mortgages total).  

The issue is that poorly conceived, written and originated options that attempt to be creative or require any performance by the optionee, will not be a valid option and then defaults to an installment sale bringing Dodd_frank to the surface.

If you have a good PM, conceivably you could be about anywhere in the country I'd imagine.I have a friend that self-manages a Wenatchee rental from Seattle.  

If the house is a SFR, then you could conceivable purchase it as a secondary residence and achieve an insured mortgage (10% down payment).  

This total is about 25%, so your 10% security margin seems low.At 5% down you would want a fairly healthy reserve fund for unexpected high cost maintenance or vacancies as you have very little equity available.As it is, you're catching a falling knife in Grand Prairie and it is certainly conceivable that property prices and rents could fall a further 5%+ over the next 12 months, putting you in negative equity and cash flow territory. 

They will open escrow, do a title search, lien search, issue a title insurance policy, calculate pro-rations, order payoffs, prepare a settlement statement, record the deed, etc. as part of the closing process.I AM ONLY EXPLAINING THE PROCESS HERE...THE FOLLOWING IS NOT TO BE CONSTRUED AS LEGAL ADVICE, WHICH I AM NOT QUALIFIED OR LICENSED TO GIVE - CONSULT AN ATTORNEY FOR THAT.But, yes, assuming your contract calls for clear title (a good example is the Florida Realtors Vacant Land Contract, paragraph 7), then yes - you could conceivably make an offer using similar terms, and once you and the seller have agreed to terms and signed the contract, you could take the contract to the title company and they would work their magic.The title company would let you and the seller know what they uncover during the title search, lien search etc., and the onus would then be on the seller to settle any outstanding liens at closing (assuming they are less than the purchase price, they could come out of the seller's proceeds on the settlement statement and be paid by the title company).