I commonly hear that permitting is not an issue unless I am touching plumbing or electrical but just to be safe and avoid any future liabilities, I am trying to understand it is even feasible to get the new rooms/garage permitted for their intended use.3.

Let those be the backbones of your downside, weigh it out then hit the ground running.  

An example is on one permit I had plans for electrical, plans for gas, plans for AC condenser.

Electricity alone on a 2 bed is usually around $200-250.  

@Jay Seville can't speak to a 2/2, but even a well-managed (85%+ occupancy) 600sqft 1/1 with view and close proximity to the beach can hit 57K on the Emerald Coast.

Start with house hacking, invest in credit and education, and leverage electrical skills.

They never hit bottom.

If its General Electric it is another. family owned company and i can time the payout of the bonus

Still hasn't hit the market.It is a 4 Bedroom 2 Bathroom2,923 sqft2,923 square feet0.27 acre lotPlease let me know if you would be interested. 

They may get paid on the 3rd and need to not initiate a payment until their paycheck hits their account to avoid being overdrawn.I personally have a 5 day grace period and rent is considered paid when the transfer is initiated.