Be aware of any local ordinances that may apply (room taxes, permits, etc) Also, laws are continuously changing regarding str's so the bail out plan would be to convert it to a long term.

I'm not opposed to looking into a property with them, but the illegalities should be addressed and taken care of by either getting the proper permits or putting the property back to the way it is supposed to be. 

Most likely it will be one of three moving out, etc.Good luck, be patient, Don't settle - find the tenants you are looking for if your market permits, keep learning & progressing. 

Hi all, Has anyone dealt with a wholesaling opportunity that involves an open permit?

I say this because many times you are bidding on a  house sight unseen (no inspection permitted). 

Not to mention not pulling the proper permits with licensed professionals can cost you your business if a tenant gets injured.

Purchase price: $225,000 Cash invested: $155,000 Sale price: $1,395,000 We took a piece of raw land through the rigorous seattle permitting process.

We are permitting the land for 33 unit apartment.

The city uses new tenants and permitting as a way to force compliance to code changes.This could be a good deal, but only if you're able to push the taxes and utilities to tenants.

Was thinking we could have a group and post our weekly goals and be able to provide feedback/questions etc to other group members when our schedule permits.