It also makes it so you are not the big RE investor but a worker stiff who has a side business of managing the units where you live.Good luck

Our city fines owners $1000/day if found to be breaking this regulation, so you could make it stiff and just put that on the tenants should they break your terms.

If you did in-fact mess up on following a CRLTO provision, get an attorney asap to proceed, as you likely know the penalties can be stiff.

On that short a loan, however, the payments are pretty stiff.

If you do not pull permits you will face stiff fines and they will shut down your job site.

Depending on your area and how stiff the completion is, if you can get away with utilizing financing for an initial purchase that is the best route to go in my opinion.If your intention is to buy it with cash and then re-finance it in the near future, you may as well save additional closing costs & get a better rate! 

Are they going to stiff me once the work is done?  

Not sure of what complex you are buying in or the price point but if you figure on renting out above the $2k per month price point you will have lots of stiff competition.

I will only report to the four credit agencies if you stiff me.  

Bad credit high risk tenants will waste money and stiff their landlord first.You need to research tenant screening and establish a fixed, non flexible screening standards policy now.