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.

Our next real estate investment is our own house we’re build on land we own in MN using Landmark Home & Land company that provides full service support to owner builders with their kits from design to permitting to completion.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Frostburg.

Purchase price: $26,000

Cash invested: $90,000

Renovated unit from SFH to 4 units.

I'm a college student at UIW in San Antonio Texas and I'm wondering what y'all would recommend I do when just getting started, I want to get my first property in the next year and a half, what advice would y'all give me on accomplishing that.

Commercial is a heavy lift in the application stage but once the deal is underwritten, you're done, no last minute surprises because you bought a new living room set on a new credit card or made a college tuition payment :)  Also, terms can be negotiated and very favorable (extend the years or reduce the down payment for a slightly higher rate and if the numbers still work...hooray!).

Rental Permits? 

6) Are there any permits needed?

I also runs a motorcycle repair shop on the side and I teach occasionally at the local college.

Seeking a GC that can pull permits and complete the rehab.