You'd need a burn permit to burn your property.  

I got a business degree In college with emphasis on real estate.  

mother-in-law, mother-daughter, jack-and-jill, 'Summer Kitchen' and/or maid's quarters yada yada  - as many mansions and other estates traditionally do -  if its a SFD that means per code/ordinances etc u cant rent separate tent dwelling/apartments within it - only maybe a room or so.thats why instead, large SFDs with a duplex layout (or maybe even a 'back house') to spare will 'rent out a room' to avoid grossly breaking zoning and C of O rules for a single fam dwelling. of course that means either the kitchen is inherently shared or one of the persons (ie, a college student, or a raw vegan) simply does not need access to a traditional kitchen whatsoever.

I live in a apartment in a college town and I've never heard our all girl neighbors being loud.

It's sorta like doing a rehab without getting permits.  

The pool of buyers in a few years might be limited.Is this in the Gainesville city limits and subject to the landlord permit fee?

The only experience I have is purchasing my home and taking the first half of the Realtor's Class in College.

Many homeowners in Miami love making un-permitted additions to homes.

I ran home, woke up my at the time girl friend who was a college student and worked nights - I told her we were going to go buy a house (we were not yet married and we had next to nothing in the bank at the time).

I am in my first year of college and have no real-estate investment experience.