Electricity was already on and there was a septic tank, so that was a big plus and saved me from having to pull permits and deal with inspections.

If your market permits @Matt Smith I would personally use that as a down payment for a apartment complex.

I went in knowing that this would be problematic as it said in the CCR that there's no rentals permitted that is less than 6 months.  

About two years ago they made everyone renting single family homes get a stvr permit to keep doing so. 

At the moment I am looking for a GC to pull the proper permits for my current project. 

I got married a week after we bought the house and jumped right into it after our brief 4 day ‘mini-moon’ on the Oregon coast.Since it’s the first thing everyone want’s to know; Here are the numbers:Home Specs:Before – 2 Bed, 1 Bath; After - 4 bed, 3.5 bathPurchase Price of House: $365,438Total Rehab Costs (incl. architect, engineer, & permitting): $336,888Soft Costs/Holding Costs: $8,774Total Purchase and Project Costs: $711,100Final Sale Price of House ($55K over asking): $885,000Realtor Fees: $42,038Gross Profit for Project: $131,863Funding Source: Private LenderThe duration of the project from acquisition to design, land use review, historic committee, construction and final sale was just over 13 months.I’m going to chalk this one up as a WIN.

From what I understand...code violations stay with the property, if you buy it, the violations must be cleared up by you in order to get any permits to do any work on it...

We are doing a rehab on a rental we bought and need a GC to pull a permit for us in the City of Littleton. 

I believe it has to be permitted, heated and cooled to be considered living space. 

You have to ask specific questions in order to get a specific answer, but the department that grants building permits should be able to at least send you in the right direction.