How well the paint encapsulates the lead would determine how often repainting will be needed.And the new bedbug regulation puts the costs on the landlord to deal with that.

When I first started reading posts on BP, I was shocked at how very different those laws/procedures can be from one state to another.But to your original questions, I don't provide any utilities for my rentals, since they are all separately metered. 

5321.16 Procedures for security deposits.

Intentionally blacking out enough information so this snip is compliant with both BP rules and federal regulations, for educational/illustrative purposes only, not an advertisement and I'm not licensed in your state anyways:You can see the PMI that scenario would be 0.19%, but the bumped rate for the "no PMI!"

I understand as an engineer in a highly regulated industry.

What are the steps to follow and if there are any city codes or regulations?

@Simon Stahl First, you did not quote Paragraph 6 of Regulation D of Rule 501 correctly: "Any natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person's spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year;"If you make $220k per year, for the last 2 years, and you marry someone with no income, that does not mean that you are NOT accredited now.

If it is detached then it marks off a few cities who have regulations about what kind of tenant is in the extra unit.

There also should be a separation of say an individual private lender and a more institutional one who has to file with the SEC and may be regulated even at the state level.

Biggest thing here is gonna be the city & the zoning regulations.