Assuming they find code violations then the process repeats for the second inspection after the violations are fixed and that adds $6.4Mmore lost.

@Tre Holland I don’t want to assume anything that you didn’t have time to include in your posting but some research at the county and building departments would let you know if there are any code violations against the property as well as open/expired permits.These are things you want to know about upfront and not wait on the title company to research and disclose close to the anticipated closing date.

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

WHat they are talking about is leasing normal apartments/houses etc then doing airbnb in them...possibly perfectly fine, ;possibly a violation depends on where you are and who you are renting from.  

My plan to buy a duplex with a 3.5% FHA loan and house hack.My question is if find a new job in a different city and decide to move prior to being at the property for > 1 year does that violate the terms and agreement i.e Fraud.I intended to occupy the property for at least a year.

Send the cure or quit notice to all on the lease since they are all in violation and see where it takes you.

I have an investor that wants to loan myself money on a note out of his IRA for a flip I am doing.This is my first time dealing with self directed IRAs and he has not dealt with this before either.What process do I need to go through to make sure he doesnt incur any penalties for violating the "no self dealing" rule?

That is in most US states.It is the insurance that someone will sue you for equal housing act violation needing a broker license and special credential in property management.

They must have a good Landlord reference, meaning they don't have lease violations or late payments in their current rental with you.After they move out of Unit A, I complete the inspection and deal with them like I would any other tenant.

Talk to an attorney regarding this, because if the building department later finds a violation of the occupancy, the fines would be more expensive than talking to an attorney.