However, a major [permitted] project could trigger a change to the building valuation in any year... say you were to build an addition that adds another bedroom and bathroom... that would likely trigger an increase in value beginning the tax year in which you do the project.

Rules also do not permit any direct or indirect benefit from IRA. 

The roof was replaced in 2005, but wasn't permitted.

If so, what are the development requirements (buffering, utilities, roads, impact fees, permits, inspections, etc).

This remedy is permitted so that there is symmetry between the remedies available to buyers and sellers.

I’ve been reaching out about permits as my goal is to expand it into a large multifamily.

I'm not seeing any high end finishes in these.That’s what I am seeing in most areas all in including drawings, Enginering, surveys, permits, inspections, tap fees, utilities, site work, temp power and temo toilet, trash and sweep outs, Fiber cement siding like hardy plank, architectural shingles or better, hardwood, ceramic tile, granite countertops, upgraded appliances and cabinets, upgraded light fixtures plumbing fixtures.

If you combine the fact that last year was the biggest since 2007 (seems like a familiar year) and that 2020 is on pace to meet/exceed 2019 number in permits approved (also per City of Champaign's discussion of major funding needs here - see page 10 where they expect 20% growth in permit fees through 2023) I believer we're looking at a challenging few years/decades. 

This seems backwards to me.They could be classifying this as a B&B and you need a permit license?

Please assume the perspective of an investor looking to purchase this contract.The Deal:Purchase Price: $38,000ARV: $100,000Comp criteria: < 1 mile driving distance, 6 month time frame, 3 bedroomStill need to adjust comps - in progressEst Rehab: $20,000Spoke with local contractors regarding price / sq ft of various tasksSpoke with home depot in area for material costsBack Taxes: ~$2500Basic Info: 3 Bed, 1 Bath, 1600 sq ft, 50X80 ft lot, Built 1900Area Statistics: $78 Median Listing Home Price/Sq Ft ($78 X 1600 = $124,800)(This is taken straight from Realtor.com for East Linden Ohio)Notes:New water heater (Permit)New furnace (Permit)New windows, doors, windows (Permit)(Siding was in progress then contractor disappeared)Second plot of land included next to propertyCritical Questions: What would be a good resource to learn "Wholesale Wording"?