Building permits, a leading indicator of future construction activity, were up by 1.5% to 1.80 million units.Rent costs rising over the past few years could finally be hitting the consumer's wallet in that they are becoming weaker and unable to afford higher rents.Also, looking at the housing starts data, new supply may be entering the market finally, causing prices to drop as consumers have more options. 

Lenders are not permitted to disclose loan terms conditions or even borrowers names until the loan is in foreclosure.

Did work get done in the past without a permit that they discovered?

If something like government placing Covid eviction moratorium that permits the tenants to not pay rent for a couple years without a means to evict happens, that can result in a purchase underperforming my underwriting. 

"It is not legal to divide an existing dwelling unit into separated living spaces, thereby creating new dwelling units, without first obtaining DOB work permits,"  That would be an illegal conversion and can result in violations and other enforcement actions.

Guess I am just typing out into the ether at this point how I am feeling, but curious as to people's thoughts on where they have learned the most as a newcomer?

Yes, you can sell it.Sometimes Peoria will grandfather a duplex and refer to it as a "legal nonconforming" single family zoned property with duplex as permitted use.If this is the case the new owner will be able to legally and officially use it as a duplex.I have also heard of people finding an architect to declare that the house was originally built as a duplex, which would help you get it rezoned as multi-family and duplex as permitted use.PM me for more info.

If true I am now around position 40 and maybe only ~10 years for having a permit.  

Hey Luca, You could potentially get it inspected and go through a reverse permitting process.

Usually that serves as your VISA if you aren't in the States on a work permit, study permit etc.