And recently obtained my Real Estate license.

They might give you a contract with stipulations that certain zoning, easement, approvals, be obtained before they purchase it.  

Will the investor still be able to obtain a certificate of occupancy since they purchased the owner user building "As Is" with no further build out required?

I've since become more interested in obtaining a commercial loan with 70% non-bank lender, 20% seller carryback, and 10% down payment. 

Depending on the amount of hours per month I may just go with property mangers indefinitely. 

Many years ago I also obtained status as a provider of  continuing education in the legal community.

In most cases it is the contractors responsibility to obtain permits.

Substantial protection can be obtained with a good fire policy and good umbrella policy.

We still have TV ads running by law firms about foreclosure matters, unheard of five years ago.Dion, you brought up valid concerns but there is another point, the procedure of any lender in trying to obtain a DIL.It's been mentioned here that "lenders" or transactions are being done with advanced agreements to obtain a DIL.

Security.The Borrower hereby represents and acknowledges that the Lender is making the loan evidenced by this Promissory Note (With Balloon Payment) for the purposes of Borrower creating or obtaining an interest in certain real property in Marco Island, Collier county, in the State of Florida commonly described as 840 Partridge Court.