Sometimes, buying an existing property can be more cost-effective and less time-consuming and maybe require slightly less permits, etc. 

And Jerry is a Wyoming attorney, so you can trust his legal advice! 

How unique can you get a permit?

Lenders will want to see the filed Articles of Organization, an Operating Agreement that you can get from your attorney or, if you're brave and it's just you on the LLC, some people use Legal Zoom or Law Depot.

If not, there is a legal reason preventing them.

Also if this property is on septic that also can throw a wrench into the ability to call a space "a bedroom" as septic systems are sized and permitted based on the bedrooms.

An LLC is useful for two things: anonymity and legal protection.

Legal RequirementsIndiana landlord-tenant laws are generally landlord-friendly but require you to be diligent.

In a city like Philly, you will face many challenges - you need to learn the market and know the neighborhood and the block and make sure all of your numbers are within reason, you need very reliable contractors, you need a to understand the permit process, you need to be familiar with market expectations. 

Insurance- coverage for new engineering, permitting, etc8.