This includes construction, materials, labor, permits, and any other associated costs.Negotiate TI Allowance:Landlord and tenant negotiate the TI allowance amount based on the estimated total cost of improvements.

FIRST: This is ALL dependent upon your state and local statutes, so make sure you know what you are permitted and not permitted to do in your market with regards to terminating a lease.And your post is written by someone different about once a week here on BP.  

Some cities require permits and have other restrictions, etc.   

I see a lot of unnecessary risk in investing in another country.If you still want to do it, I would start off with something on the lower end that is still nice to see how it goes for a couple of years before making a major investment out of country.I would thoroughly research all expenses such as taxes insurance, permits etc.

Permits: Clarify who is responsible for obtaining necessary permits!

Week after that, property is flagged by the village for doing work without permits.

I’m planning on renting to the tenants for another four months or so while I start working on getting the permits for a major remodel.

We were just issued our Certificate of Occupancy and it has our names on it because that's what was on the permit application. 

The owner was living in the basement & it was completed without permits. 

Mixed usages, such as a furnished mid term rental of one unit or vacation rental usage (where permitted) is also an excellent way to boost revenue.