Hi @Fin Johnston,Your understanding of construction costs and and time for what projects entail will make you a great property owner or partner to the person you work with.  

However, before you decide to get it, make sure you have a good understanding of all that it entails.  

I am looking at an appealing listing and it states that the buyer must close open permits. I see at least 6 that are not closed yet, but am curious as to what the negative impact of keeping them open would be. I under...

Everything entailed in the conversation above (jobs) go hand in hand with the influx of students - which is never ending (albeit semi-seasonal).In fact, the growth plans of A&M are ambitious, and I think it's going to be a very hot rental market.

This would entail potential consulting engagement. 

If the language means as you say it means, and you're not experienced enough to know what the repairs entail and will cost, I would pass.

I'm not even sure what all that entails yet but I'm assuming it means I need to gut it and start fresh.

If your sources of income continue to be an issue, press pause on the property search altogether and look to make a shift into more conventional sources of income (or otherwise regulate your income in some fashion)- What this shift entails is a completely different issue - for example, if lenders would like to see a higher earnings level, this is a different question than seeing steadier/more regular earningsObviously I don't know the full context around your earnings situation, which is why bullet point #2 is extra light and only comes after exhausting other available options within the scope of your current lifestyle.

Unless you fully understand what these properties entail it is best to look in other areas.I know people that do incredibly well but I also meet people who get chewed up and spit out of these areas quite often.

Also, do you know what it entails to license a property as a rental with the city of RO?