Did you get permits for everything and did the building inspector sign off on everything? 

Policies like rent control, zoning restrictions, high taxes, lengthy permitting processes, and more reduce housing supply.

Live-in rehab definitely sounds appealing with the cost savings, but you're right - my family situation prioritizes stable housing right now, so it wouldn't be the best fit.Tahoe STR: Thanks for the reminder about permits!

Timelime of the project can be heavily impacted by which agencies are required for permitting. 

I constantly come across the permitting process needed in most cities in LA. 

I've only bought one house from a wholesaler and that's because there is a second house in the backyard that was apparently built decades ago without a permit. 

Permits required unless zoned for accommodations.  

You can only do it in certain zones.Here is where you can read up -https://raleighnc.gov/permits/services/short-term-rentalsAlso, you won't get any extra appreciation over a similar long term rental.

You'll want to get permits because on the property exit you'll be able to count the square footage. 

Only as someone that has had to pull permits.