According to the press release, "The policy change will permit buyers to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties, or properties resold through private sales.

If it is a service change and they dont need to fish new wires, you should be at about +/- 1000/unit with a permit.

Your local area and permitting authority will make a difference here.

Some reading on finished basements in Pennsylvania:http://www.suburbanrealtorsalliance.com/news/issues.aspxhttp://www.ehow.com/list_7535303_pennsylvania-requirements-basement-egress.htmlhttp://www.newgarden.org/Permits/basement.pdf

What permits are needed, or does is the property already on a rental program?

@Quang NguyenSorry to burst your bubble but to my knowledge, you are not permitted to use your RRSP as a down payment if you are purchasing it as an investment property.  

I don't plan to pull any sort of ridiculous permits for e.g. sink replacement or new paint. if they catch me I will pay stop work fee and move on. i will definitely pull permits for outside work - roof, tuck pointing, windows.  

- Budget- Permits- Foundation- Demolition- Framing - Windows and Doors- Roofing- Exterior Siding- HVAC Rough-In- Plumbing Rough-In- Electrical Rough-In- Structured Wiring Rough-In (Internet, Ethernet, Coax, Speakers, etc)- Insulation Batts- Framing Punchout (misc framing needed to account previous trades cutting holes and maybe needing soffits due to hvac or plumbing)- Drywall (Hang, Tape, Skim, and Sand)- Insulation Blow-In (if needed)- Trim (Base, Case, Crown, Kitchen Cabinets, Vanities, Etc)- 1st Paint- Granite Templating- Ceramics / Tile- Vinyl- HVAC Final- Electrical Final- Hardwood Flooring- Plumbing Final- Structured Wiring Final- Install Granite- First Clean (clean up all bathrooms and kitchens)- Drywall Point Up (takes care of all over cuts or mis-cuts from above contractors)- 2nd Paint- Carpet- Drywall Blue Tape- Paint Touch Up- Final Clean (remove hardwood floor coverings and plastic on the carpets)- Punchout (your guy to do the grout caulking, door adjusting, fine tuning)

Always have contracts, always make sure your contractors are insured, pull permits when necessary, etc.

Is the carport conversion permitted?