After the variance is approved, you will need to get a building permit which may require plans review if it's an extensive addition.

We've gone over this before: The 'Financial Analysis' tab shows the year-end financial performance of each property. 

I made offers much lower than that when the repairs are extensive. 

These guys are RE investor tax preparer with extensive knowledge.

People that don't perform reasonably I don't call back so I have subs and GCs I use regularly and they take care of me. 

I believe I would like to be in the buy and hold area of investing, however I would like to perform 1 fix and flip over the next 6 months. 

The repairs seem extensive including bad insulation, minor roof repairs, faulty structure, floors are uneven (home is a little over 100 years old) galvanized pipes, old water heaters, among other among issues. 

Now we're in a breach of contract, with only $3,500 deposit at stake on a $333,500 package.Gave an extension of 2 weeks to hammer out some type of deal agreeable to all parties involved.Cut 2 properties from the package ($160,000),  Buyers came back with half-down and Seller agreed to finance the other half for 1 year with guaranteed monthly income.The Buyers will have enough time to finish repairs, get all units occupied, obtain permanent financing, and everyone comes out a winner.Hard to make up 7 months of your life.

Assuming this is performing loan, your annualized yield would be ~65% at that purchase price. 

So it is very, very challenging at lower price points to have a consistent performing investment.