I'm assuming you plan on flipping that property you just got?

I know that since I'm subleasing the property I assume the status of landlord.

People buy assuming this is true.

If you lose it, and you MUST assume that is a possible outcome, you will badly hurt this person.

I assume I need to make sure it's legal and can be counted as a bedroom?

RE is a unique business, it also takes a certain personality to be a landlord/owner and many assume they can or are willing to hold properties but find later it's not for them.

But that's for the future.My current goals, however, are in wholesaling (a popular topic, I assume).

Not sure how that city's codes that you mentioned read, but if there is a UPS Store within the required area, you might consider getting a UPS box and use that for your location ... assuming that complies with the city codes you mentioned.

I honestly would assume they were just trying to get around a rent increase.

With the oil boom and rapid rise in population over the past 6 months I would guess its a good time but I don't want to assume that.