Basement not up to code
My boyfriend and I bought a house through new western acquisitions (wholesaler company) for our first rehab. Bad idea # 1, anyways we got the property in a great area of town and had to close in 3 days, so we were not able to get an inspection. Initially we only got the house because it had a huge basement we were going to turn it into a master, today we learned a surveyor has never came to the property and that it is in a flood plain. So according to code we cannot finish the basement for a master or include it for square footage when we list it. Could we get sub contractors to finish the basement as a master and list it in the square footage anyway ? And In force flood insurance to the buyer.