Wish you well and feel free to connect with me for unique discounted deals in Miami-Dade.

Assuming you target a specific market (one, two, three zip codes or neighborhoods, for example), and define some buying criteria (property type, condition, square footage, etc), there will not be enough people for you to market to to generate a crazy call volume.

So that leaves you with a potential upside of 15K (the 40K discount on list less the 25K repair costs).  

The house in Park City was a complete remodel - it was started in 1979 and never finished  - I had to finish it and bring it up to code.  

They will likely send an inspector to show compliance with city code depending on the type of store fronts (e.g. a restaurant setup will have different requirements in many cases than an art studio, for example).I would certainly invest in getting individually city metered utilities so that the tenants pay their own utility bills and there is not some messy shared arrangement that you have to deal with.  

The Phoenixville code official at that DIG meeting said that even Phoenixville gets contractors to register.

The owner of a duplex is facing a number of charges following a fatal fire over the weekend.Under the fire code the landlord is facing two charges for not having proper smoke detectors and two charges for failing to have proper carbon monoxide detectors.He’s also facing a charge for improper fire separation and another charge relating to self-door closers not operating.A woman died of smoke inhalation Saturday morning at 395 Curry Ave.

Our capex estimates increased substantially based on what we'd need to do to pass code but also to raise rents (somewhere to the tune of $500K-$800K).

Also in this neighborhood the historic planning people have building codes like paint colors and window choices you must follow.

I would also be careful planning for the family contractor discount as if that doesn't work out, how much do you have to pay someone you don't know to do the job?