It will require building permits and in order to get them, Architects, engineers, and Inspectors. 

Most of these are requirements for new permits and codes but can be a go to source of exposure in the event that something tragic happens.  

First, you might need to get a permit to to a sewer line install, most municipalities make you do that.

If you need help with permits, construction services, trade permits, third party inspections or architectural drawings, I'm your girl. 

Legal Description: TBD Current Zoning: k9 Entitlement Status: TBD Permits Completed: ALL Permits Required: TBD Cash Equity in Deal: TBD Total Equity in Deal: TBD Number of units Pre-sold: TBD List Third Party Reports Completed: TBD Development Schedule: (List major milestones in the development of the project) Just the Mechanicals need to be checked and cleared.

Do I have to have it inspected along the way and do I need any permits at all in general?

Pretty sure that the city of Lakewood will want you to get a rental permit $120/year for renting your property out.Are you going to be paying the water?

I am looking for a lender that will do a cash out when I get get occupancy permit.

If it was an illegal conversion or work done without obtaining the correct permits they WILL most likely need to be removed.

Normally there is a way to get a septic systems for most soils but some are much more expensive than others.The 5th thing to check is driveway access permit at the County Highway Dept or City Street dept.