I was driving for dollars in my backyard and stumbled upon this house that was obviously vacant.The curious thing, is there were multiple code violations and other material taped to the front door and windows.

I've met with a electrician and he said I would need arc fault breakers because it was the new code.

If you are bringing the electric up to code the garbage disposal should have it's own circuit.

Code for new living space has been 7' ceiling heights for a while.

These corrections will involve using the Change of Accounting Method Form 3115, in accordance with section 481A of the Internal Revenue Code, for depreciation adjustments totaling $127,493."

Please feel free to use code VENI324 when upgrading to get your investing career going!

Unfortunately given the zip codes that you like, those units start with $800+ for single family homes.

I’m an Architect and I would be wary to inherit someone else’s mistakes. if someone isn’t code complaint the new architect is on the hook.

Will people tell you how and why (I didn't do anything fancy, its just how the tax code works)? 

Keep in mind if you remodel versus new construction, there are likely different building codes.