My property was originally purchased as my 1st home, so if I would live in the area myself, then I would recommend it to over investors. 

Originally posted by @Bridger L Logan:Has anyone else had good experiences with a larger house (5/3, 5/2) that has been rented by the room in the Phoenix area or other hot real estate market areas?

I tried to post an "update" to my original post, but looks like I don't know how to use this feature.PPS.

It was built in 2002, and I renovated the entire flooring by removing the original tile and putting Vinyl flooring in, there is no carpet within the house.

The original deed listed multiple owners and percentages including her 8% interest, and now myself and the other owners want to sell the property---how do we get this retitled into my account (or my name) in order to facilitate the sale?

You're increasing the need for hot and cold air dramatically and it's doubtful the existing system will be adequate.But, in answer to your original question - yes you will need a permit.

I'm originally from BR and still invest heavily and lend there. 

Originally posted by @Greg O'Brien:A lot of questions around a balance sheet. 

Property was on market for about 170 daysI originally started the STR plan for tax benefits and plan to do cost segregation as i fall into high income bracket (37%+ 11% state) saving around 50k for 600k property.I have no plan to personally use the property and this is purely investmentI thought i found a great deal because properties in the area are selling for 205-220 per sqft.

. - BUT, it also appears old and probably a symptom of the original house settling.