Is it worth having to pay double the permit fee or tear it down if it doesn't comply with city ordinance? 

But just yuck to operate them.  

The Complex is Houston TexasNet Operating Income from Mar 2014 thru April 2015 is 1,078,360.50

362 Apartment ComplexAfter repairs and new management, I think we can increase profitability 25%there are total of 6 apt complexes around, average rent for they other approx. 650.00, this complex average 555.00 month, If repairs, cosmetics are done rent can be raise to match area around to 600-650, witch will give a increase of 45- 90 dollars a unit. and 56 units that need repairs will increase there also. i figure a 2 year plan until profitability.Net Operating Income from Mar 2014 thru April 2015 is 1,078,360.50

I'm trying to setup some defaults and am stumped here.  I've been estimating Taxes as a % of After Repair Value.  How do I estimate Taxes by % of gross income?  I like the default for initial analysis.  

Just make sure you do your due diligence and work with an operator that has been around a while with a good track record and has a strong management team and good construction work.  

Regardless, look at the declaration because that will tell you the framework the Board can operate within.

You need to calculate your net operating income of the property.

Rent rolls, deposit reconciliations, venders, event tenant notes, key operational details..

According to the American Land Title Association, the following types of loans do not have to comply with TRID:Home-equity lines of credit Reverse mortgages Mortgages secured by a mobile home or dwelling not attached to land No-interest second mortgage made for down payment assistance, energy efficiency or foreclosure avoidance Loans made by a creditor who makes five or fewer mortgages in a year And, in addition, 100% cash transactions (no lender involved) are also exempt.