I submitted an online request to Jefferson County to confirm.  

Now if its a smokin deal and the 3 to 5% is easily absorbed then its worth it but you still need cash down  .. or you need a friends and family's to help you out.leveraging up 100%  to buy rentals you want to be careful there if you don't have a bunch of cash reserves since your tying up your heloc for the purchase  leverage to the eyeballs can be great if everything plays out perfect  if not it can be highly stressful.  

If you're a first time homeowner, you could get a rural development or FHA loan where you put almost nothing down, but even if you could do that i would still recommend having reserves.

@Derek Smith you’re very smart to let their check clear the bank and confirm with the bank before refunding anything.

I also give suggestions on what to keep in reserve for annual maintenance expenses as well. 

You will need to have reserves in the bank when picking up properties.

Confirm legal use of the non-conformity.

If the title company provides a notarized letter confirming that the recording is in queue with the City, that may resolve the registration issue.

The other issue is unless you are buying furnished you will need to furnish a STR so make sure you hold that money in reserve as well.

That is before reserves and expenses. in my market (Milwaukee) that leaves you typically with $200 per door net.