Working on getting a new septic permit so we can add onto it, and increase the bedroom count to 4.

Working on getting a new septic permit so we can add onto it, and increase the bedroom count to 4.

Engineering , permits , stormwater management system , clearing , reforestation fee , sediment control , and landscape bond , all this would run you around $175K .

Also, make sure you check if any local licenses or permits are needed for real estate investing.If you’re comfortable with the process, doing it yourself can save a lot of money.

Furthermore, have you considered and run the numbers assessing renting the units as an STR if permitted in the neighborhood and County/City? 

I have been waiting for a permit from the " government " for a sewer connection since June .

Have you accounted for all closing costs, permit fees, and other transaction expenses in your budget?

I don't care if the LP or homeowner is a Mcdonald's worker making minimum wage or a software engineer making $200k.

2) Call the City Building or Rental Dept to see if it has a Landlord/Rental License and if there are any outstanding tickets or permits.3) Highly recommend hiring an agent, familiar with rental property transactions, to create a purchase contract.- DM us for one that will do for flat fee.4) Highly recommend having property professionally inspected, including sewer camera.

For instance a zoning attorney or architect may be able to identify properties with favorable zoning or perhaps even change zoning  through a new zoning permit or a use change variance before the property is acquired.