There are many benefits in getting the permits and the risks of not getting it permitted are high... 

Borrowers in certain states or with high credit scores may qualify for  80% cash-out , but it’s important to weigh the pros and cons.

High priced insurance people.  

Airbnb can get you more high value bookings if you're property attracts those. 

I charge a really high fee and require the tenant to carry bite insurance.Inspections are done on a schedule and always recorded with pictures and/or video.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If you have rental(s) or plan to get one and want to decide between long/mid and short-term rental strategies taxes do play a roll if you have high W2 income you want to try and reduce you tax burden. 

If you are using local banks, there is a high chance it won't connect.

It has my peak seasons 2-3 times higher then my competitors but I think it's way too high and I'm going to have to drop prices dramatically later to get a booking.

However, once we received the title report, we started to question if we bid to high for the lien.