I’m pre-approved through the bank for a decent loan it’s just nerve racking.

Maybe examine this method?

@Emily Smith Hey Emily, I’ll be taking the State exam in a few days.

Hey BG RE Agents/Brokers,I am excited to say, 'I passed my RE Exam in IL'! 

Need to examine if you'd receive any tax benefit or if it'll all get caught up as passive. 

Hello BP,I'm going to pass the state exam in the next 2-3 weeks.

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

I want to examine the exact loan terms.

My wife and I had similar nerves before we bought our first STR.There will certainly be times where your inexperience may leave you overwhelmed but the good news is you have a great community here at BiggerPockets willing to help you out with any issues that may come up.

So let's examine what your agent said according to you- "Not all permits are on line and buyers can put in themselves without permits FYI but will ask”  Your realtor told you the truth- Any owner of a property may decide to do their own work, whether legal or illegal, without a permit.