You cannot even apply for an STR permit on a single family home until after you've owned it for five years (and there is no guarantee you will get the permit).

In a city like Philly, you will face many challenges - you need to learn the market and know the neighborhood and the block and make sure all of your numbers are within reason, you need very reliable contractors, you need a to understand the permit process, you need to be familiar with market expectations. 

I've had a couple OOS investors ask about ADU potential in our market... not sure what hurdles there might be with the city (permitting, zoning, or otherwise).

Licensed with permits ~$4,000.Full replacement of all water supply lines and shutoffs from the interior water meter with PEX and an open basement.  1 kitchen 1 bath 1 laundry. 

I’ll also call code enforcement and check the county records just to see when things like roof/hvac have been done/permitted. 

Hi Lina, I'd recommend finding a local agent that is familiar with the investment properties and law, permits, regulations for STRs/MTRs in Kyle, Texas. 

Your policy may also cover soft costs like permit fees and legal expenses caused by delays.

Before you sign anything, definitley pin down the timeline for permitting and building.

I would rent out an extra room, basement and yep, deal with a part time roommate.

Health and safety inspections don't seem to care much about zoning or permitting issues.