You might get it look good, but if you have no permits it might not be safe or up to code and might make the house hard to sell down the road.

Investing in Florida I look for 2003 or newer because of the build code changes the year before greatly reducing insurance costs.

I can see bars, thriving, as well as restaurants and other nightlife. 

We did get negotiate money from them to help with roof repair, but now know they were not honest on their disclosure.Our inspector missed  code violations, HVAC issues, pipes that had been worked on and issues hidden that had occurred while sellers lived in the house, signs of drainage and water damage inside the house that had been painted over, completely blocked dryer vent...and we are finding more daily.We have had the house looked at by a structural engineer and HVAC techs  that has told us we need thousands (likely tens of thousands) of dollars worth of repairs to make this property able to rent and come up to code for rental.

Medina for example is one of the highest priced zip codes in the country!

They include: zoning requirements, building codes, impact fees, permitting requirements, design standards, public land requirements, and federal Occupational Safety and Health Administration regulations and other labor requirements.

What zip code?

Here's one: https://www.biggerpockets.com/blog/3-steps-find-best-real-es...To find more, use the search bar (magnifying glass) in the upper-right.

@Adam Pervez I host a few meet ups in North Jersey, We do coffee on a weekend or bar type setting on weeknight each moth.  

I haven't decided on the city/zip code/neighborhood in which I will be investing.