@Braulio Espinosa As far as the law and code goes they shouldn’t have any grounds to fine you or anything if it passed final inspection, and there are tons of houses in any given city that violate setback requirements.

Considering that I don't own this property to get a license residential contractor to inspect and get it up to code for me, how could I make this deal work for me?

Older homes require additional investment to bring them up to code and/or update the guts (plumbing, hvac, insulation), but it's worth it!

Garlington,Thank you for replying to my discussion, right now I’m just doing some research and saving money to do a BRRR when the time is right I will definitely reach out to you and see how we can provide value to one another but if you can direct me to zip codes I should lean towards with that price range I would appreciate that.

It usually fits the zoning code and is fairly easy to retrofit from retail to coworking. 

These are professionals with additional training and a stricter code of ethics.

)The rule is in 26 US Code 469 paragraph G - but it is full of CPA speak. 

So, create status codes for both of these and a few in-between codes to help you work smarter, not harder.

Under IRS Code, all real estate transactions must have an accounting of all funding and expenses, single family residential are accounted for with a HUD-1, you can use the HUD-1 for commercial requirements but it's not required to be used.

Looking at a 3/2 single family in zip code 32208.