In some jurisdictions you can always apply for a permit after-the-fact, usually paying a fine of double the usual permit cost, so if time is your only issue that may work for you.

Of course I pass it on, but it's no fun getting registered letters.Here in my city one cannot rent to more than three unrelated people, so four and five bedroom houses are not wise to own.

If you are certain, get it under contract for said $425,000Make sure you contact a GOOD investor friendly title company that will allow you to double close, or simultaneous close.You then write another purchase agreement from you as the seller, and the new buyer for $500,000Once title clears you go to do your double closing.The only issues is how is the new buyer going to finance the house?

After all, doubled profit will return to you afterwards.

Sounds like you'll be in college for a few years so here's a possible scenario:Find a run-down house with lots of bedrooms.

Relax, it's not going to be $300B, double that, add your shoe size and multiply times Pi.

They are the sort of people who will receive a $10K windfall and have plunked it down as a down payment on a $60K SUV and a brand new double wide, both of which will have been repossessed within a year.

You need to determine which will cashflow the best then go from there.FYI - I've found in most places that duplexes per unit tend to match the smaller 1 and 2 bedroom houses.

The best deal in town for a muli-unit right now is a 3 unit in Dormont at 90k, all two bedrooms, 3500sf approx.

No, they aren't going to go bankrupt, but no, they aren't going to double in price.Recommendation: HOLDOther Poorly Performing StocksYahoo (Down 5%) (Too bad Microsoft Didn't buy them, otherwise it would be quite different)Pepsico (down 4%)Hewlett Packard (Down 3%)Ebay (Down 4%)Alright, that's all I got for now.Don't work to make money.