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Do you know if adding meters requires a permit?

Probably would also be a good idea to discuss the case with the attorney that's handling the foreclosure for the seller, if the seller would permit you to do that. 

And did you need plans and permits.

How long and tedious is the engineering and permitting process?

Watch out for TCU the City of Fort Worth put new restrictions on "stealth dorms" be sure its permitted prior to purchase.

If time permitted, I would begin to educate myself on real estate and start networking to know who are the players in the area(s) where I might like to invest.I hope that helps a little.

All notices required or permitted under this Agreement shall be in writing and shall be deemed delivered when delivered in person or deposited in the United States mail, postage prepaid, addressed as follows:IF for The Seller and/or The Buyer:___________________________________________________________________________Address: ___________________________________________________________________Print: _______________________________________ Date: ___________________________IF for The Consultant:___________________________________________________________________________Address: ___________________________________________________________________Print: _______________________________________ Date:___________________________Such address may be changed from time to time by either party by providing written notice to the other in the manner set forth above.11.

Foam board insulation around permiters walls can be done.

Permits may be necessary.