Also, I have never used bank loans for building in the past and want the new setup to be both good from a liability point of view and something a bank will lend to. 

Here’s how brokers typically view these:Loan Term Sheet vs.

I have had permits in other jurisdictions be quite easy.My view is I would let someone familiar with the process do it unless you were planning on applying for many permits over time.  

This would allow us to have a clear bird-eye view of the various data in order to analyze and take decisions Second Point:I would prefer to manage it internally for confidentiality purposes.

How might a city board view a project such as this and what might be some of the bigger questions they would ask of us?

I view these as fear-mongering, and it makes me bristle.

How would section 8 view this?

That said, inspection fees for deals that didn’t work out and mileage from property viewings before actually purchasing a rental property aren’t considered start-up costs.

Depends on how you view risk and how stable your life/income/etc are for you.Assuming all of that is stable, I'm buying properties for sure. 

Its a possibility but would need some more infoWhat is the pad rental income only along with the other items below which I need for pricing.Property Address (so I can view the property and confirm that it isn’t rural):Your Approximate Credit Score:If occupied by tenant(s) what is monthly or annual income:If you like you can PM me too.Thanks