In Seattle you don't need a permit if the rehab is less than $4000 or less in any six-month period You always need to permit if making changes to load-bearing supports, changes to the building envelope, and work that reduces egress, light, ventilation or fire resistance. 

The island had experienced 4 months of drought before I got here, perfect for exterior renovations...now it's almost monsoon like weather. 

Raleigh and Dallas stand out as two that seem underserved compared to the economic growth.Do you guys have other good sectors or cities to weather the storm?

Nothing impossible, it would just be the path of least resistance (electrical pun intended) for us to live in Unit 1.2) Unit 2 doesn't have access to that space, not a biggie, but still something we're taking into consideration.You are right though, this is only a temporary ordeal.  

Others like weather, flight risk of contractors on projects without performance bonds, event risk from the national economy (think mortgage crisis or war with Russia), interest rate risk, etc.  

It's a bit different than how others do it, since I can't touch my profits until year 2, but it eliminates from having to tap into my account that I purchase properties with, or my personal savings.It always seems that it comes in bunches, good job for planning for it and weathering the storm!

@Douglas Skipworth  Sorry, but I couldn't resist.

I am going to move to Jacksonville Florida with the family to expand portfolio, and get hands on in managing propertiesI am also very happy where we live, but weather and quality of life and cost of living all factored in for me.It is a difficult decision in lifeYou can always reach out to me if you need some one to talk toAll the best Gino

And I know that this maybe just an amatuer question but, I'm just curious to know whether or not changing weather patterns can greatly affect an area?

I don't speak to those people about REI anymore because I'm only met with resistance.