I have my sights and heart on the 4b2b for 550k (I can probably get it for a less due to it's condition and needed reno ), the house is in poor shape, the resident is a stage 10 CODE RED hoarder, but in the perfect neighborhood.

In Connecticut, houses in flood zones have limitations on improvements before the house must be brought up to full FEMA code.

So there no Owner occupied Discount/Credit?

Ive been told the piping is not up to code for the gas furnace.

I find the hottest zip codes to invest in but I'm not sure how to approach the buyers agent listed.

Considering the discount and the ARV, I don't mind.

I know a strategy of creating equity within a preforclosure deal, is to negotiate directly with 2nd position lenders to see if they'll take a payoff discount. 

Which is why it's always wise to consult your state code.

Are you interested in SFR in Bayview zip code 53207?

The longer answer is:There are 8 departments that work together to sign off and approve the subdivision plan.The subdivision will have to comply with the very cumbersome land development code that Austin has.