The risk is very high.The county department of building is notorious in delaying the building permit, meaning that it's quite possible I can't even start the work for the first month or two, waiting for the permit to be issued, (no electricity in the house yet).Anything else unexpected which causes money will impose more risk on the weak financing.My question is: Should I pursue this flip?

The development and planning office approved building permits based on growth.

I just created it on the fly...shouldn't be too hard to recreate if you start with my rental analysis spreadsheet (should be in the Fileplace)...

What's the permit requirement there?

I get the impression that many are not even pulling permits Please share you experienceThank you

Back house probably not permitted.

I'll try to recreate my intricately worded, loquacious, perfectly articulated and informative post...Yes, I'd love to have an REIA in this area and would attend.  

Did you keep receipts and invoices and the like, and because we're about to disclose improvements to the underwriter did you have the correct permits?

@Justin Pierce There is definitely more employment in Norfolk and people only tend to cross the bridge recreationally or if their job is particularly high paying.

GC was paid for the bulk of the work but the final draw was withheld due to problems with the new central air system (does not work now on the 2nd floor), some electrical issues with switches controlling outlets that should be independent and failure of the GC to obtain all the necessary permits from the town.