I am a recent college grad and now a new realtor (full time) and also am an actor, so I do not have a W2 - from what I have heard not having a full time job for 2 years results in difficulty finding any loan.

@Alex Appolonia I'm sure there are others here who have more detailed information on this, but in case no one responds, I can say this is an evolving area and your best bet is to contact the Narragansett and South Kingstown building officials.I know that in Narragansett regular rentals require an application/permit and it seems that short-term rentals do too but I can't seem to find the form for that on the town site and it may still be in-progress so I would recommend calling them.

My college buddy helped educate me on this opportunity and made it clear how it is a win-win for myself!

Some problems when I saw the house were that, the master does not have a bathroom in it, there is little to no backyard, the garage was converted into a room and its not permitted, the house is also on a main street.What do you think this house is worth knowing that?

I'd like to go to the local community college and brush up on plumbing, electrical,etc. so I can do that preventative maintenance when tenants are turning (that means on my watch lol). 

I was wondering if there was anyone on this feed experienced with Canadian permits and documentation that are required to proceed with getting a construction permit.

Is this a licensed contractor and are permits pulled?

Before pictures:After Pictures:Permitting process:In order for us to get a building permit to do the amount of work we described above we needed to do the following:1.

I'm located in Portland, OR and these types of properties are popular and this could be permitted as an ADU because it meets the height and square footage requirements. 

One thing they consider when insurance companies calculate the cost to rebuild is also everything that will go into the preparation before hand, ie; demolition costs, soil decontamination, permits, planning etc.