Seems no one mentions the necessity of NEXIS: aka a business presence in the/every State where the entity does business. 

A PM is a necessity for out of state investors.

Owner occupancy is not a necessity in my situation.

(entire interior of unit i have full control over, condo association minds their own business otherwise & only cares about common spaces & exterior)Also - new bedroom will be a legitimate bedroom in the sense of the following universal bedroom standards:- 2 points of egress- door/entrance that does not pass through another bedroom- windows for ventilation and natural lighting- 70-80 square feet (with more than 7-8 feet of free space in any direction-no closet, but closet available outside of enclosed room (not a necessity according to most universal bedroom standards)Any repercussions not getting a permit (what would a town do) or getting a permit (impacts on taxes/valuation of home, etc)?

@Tom Shallcross i don’t think it’s a nice idea...more like a necessity to continue to thrive.

Sounds like you already have all the necessities in place to succeed!

Any anti-growth is either too stringent or too lax for certain people so even though a very high percentage of San Diegans want an anti-growth they typically fail.Cities are by necessity passing rules to try to curtail jamming every open space with buildings. 

I contacted the local police department who stated that AC was a luxury and not a necessity.  

I need step-stool to get in and out of that thing so I'm not in it unless it's an absolute necessity!

When determining whether services performed by a corporate officer are considered nominal or minor, IRS agents examine the character of the service, the frequency and duration of the performance, and the actual or potential importance or necessity of the services in relation to the conduct of the corporation's business.Example: The officer of the corporation perform only minor ministerial functions entailing a few hours work a year for the corporations.