No insurance is going to cover if the contractor does not perform except for Contractor Bonds, not that I know of, also technically a bond is not an insurance policy anyways.Nghi Le I don't see the implications, but I have a reseller permit for me to resell anything.

If the tenant wants to use it as another bedroom, you'd better make sure that's permitted/inspected, and there are two means of egress from the basement.That's a major health/safety issue not to be ignored.

Any issues with permitting / conversion of the 4th BR?

Bathrooms are not allowed by permit and you'll have to be very creative in how you furnish and provide a/c and heating; portable units are recommended. 

The current investor has a general contractor who has open permits for the entire project, so apparently I would take that over. 

My problem is that land and permitting in my immediate area is priced so high that it isn't feasible.

Here is the link for the map https://newbraunfels.maps.arcg...A 2023 goal is to purchase an STR out of state - preferably Phoenix Metro or Denver Metro - and in an area where I can get it permitted. 

It took a long time to receive the demolition permit.

We do Selfstorage, country subdivision lots, getting permits for contractor flex buildings and buying or planting Teak fields with value add in Belize.  

I don't foresee any push back considering I am the president of the HOA. 2) Obtain official plans / drawings to extend steal balcony3) Us plans and apply for Chicago Setback approval4) Build steal extension to roof deck when approved4)  Obtain official plans / materials and apply for building permit for deck build out.