We owned a 2 bed 1 bath that we purchased in 2006 and shortly after buying it we learned from the city records that the 200 SF bonus room was not a legal addition and the walls were basically poorly mortared cinder block on a concrete floor that was covered up with drywall to make it appear like a finished space.

, unfortunately that is not the case, I see many of you on this site looking for deals in big cities and other properties that just aren't going to preform as well when the next crash happens (Biiiiiig Speculation), but in all honesty if your not investing in areas where the majority of the population collects a paycheck every month for the next 4-6 years without fear of a stock price or layoffs then your request on the forums seems a little pointless.

I have to check with my rental city code.

If you can ever make it --- the 4th Tues of the month has a meetup in York that's pretty good if you aren't on the road.  

@Joseph Whitton Talk to someone at city hall about zoning.

If I am purchasing a house that is in good shape, but has very low property taxes, what are the odds that the city will re-assess and raise them right after I purchase the property? 

I'm not sure if this is going to be enough in the city I currently own in.

I’m considering calling it quits and doing my own research and offers directly with REO/ bank owned websites like Home Path, Bank of America, City National etc...

The house is a fully remodeled 5 bed, 2 bath at 72nd and Pecos in Adams County so I’m wondering if anyone here has experience with Airbnb in this area of Denver, what you are grossing monthly on average and if there are any Adams County rules that restrict Airbnb of non-primary residences (like city of Denver does).

Glad to hear you are looking into Memphis, the city of cash flow!