You need someone experienced and savvy with permits.

Here's an example of how we write our notes for private money investors: 10% annual interest, 1 year term, early payoff permitted, no monthly payments. 1 year is really just to be safe but we'll repay in 6 months or less(meaning we pay 5% in interest).

Do you really want to buy a property that has been altered in an area that does not require permits?  

Also permits for multifamilies can be very expensive depending on the area you are in.

Is it a bad neighborhood but you look up the permits and there is a new development going in in the empty lot next door?  

I personally plan on doing some repairs myself and contracting out anything that needs to be permitted (to ensure its done to code).

If you're doing something major like moving walls, adding a deck, or doing extensive electrical, I'd get a permit and ask for help from a licensed, experienced contractor. 2) Look in the Education section for business plans. 3) I'm not sure about the transfer piece but I bet you can find your answer in the forums.

As Property Owners are we supppose to permit violent criminals into our properties and put the rest or our tenants at risk?

Hey Rene, as far as I know, RUBS is not permitted for units that fall under the Rent Stabilization Ordinance (A.K.A. rent control), but, submetering is an option that should be allowed.

How long does it take in your area to get:Plans drawn to Building Permit being issued?