I opted to build a couple new rental SFHs last year, so I did get my GC license. 

Street dealers and community based retailers ended up with considerable relief, but for those who used to sell a few homes to consumers must have a manned physical location with regular hours.

Generally it is the contractors responsibility to submit the permit but ultimately the consumer should verify that the permits have acutally been submitted with their building department. 

I will put down 20%.My credit score is 770, I have no consumer debt (no car loan, student loan, CC ect).My gross W-2 income is 54k per year.

Is this time consuming?

Is this time consuming?

Don’t go to the big banks, try small local banks in your area.i don't think commercial is more flexible if you have no history, especially if you are buying a single family residence, as even a commercial loan will have to conform to  ability to pay rules for consumers if the property is a SFR.

Beyond that, the Consumer Price Index (CPI) will come out tomorrow, Tuesday (7/14).

In two and a half years I paid off $32,000 of consumer debt.

You can probably buy these properties cheap because it needs a lot of work, but if you consider 2 elements I listed above, it'll consume a lot of your time and money.