You will find it in your state landlord tenant regulations on line.

Five headwinds that California coastal real estate is facing which never existed in any previous market: (1) Baby Boom retirement is creating more sellers than buyers. (2) The Fed's unprecedented regulation of interest rates through money printing and Treasury note buying is winding down. 

The plumbing and electrical will need to be updated.  

You shouldn't need permits to upgrade kitchens and bathrooms unless you are changing the plumbing.

Jamie from Sydney Australia I've been keen to get into real estate for years but have let fear hold me back, always thinking trying to pay my own mortgage how can i afford to pay for two.So stumbled across some Bigger pockets vid's on Youtube last month and here i am taking the plunge, ready to learn all i can and help others anyway i can.I'm looking to learn to flip properties and have investment properties, with an end goal to assist hard ship family's with affordable housingMy credentials are, jack of all trades master of two, licensed Carpenter& Joiner and Cabinet Maker, i have the skill set to do 90% of a renovation myself, exceptions being major plumbing and electrical.So i'm ready to absorb all that i canAnyway thanks for your time and i'll catch you on the flip sideJamie

If the money is used for consumer purpose there are a boat load of disclosures, licenses and regulations you need to comply with.Also, what is the value of the collateral, if should be substantially more than the loan amount or you could become partially unsecured both as a practical matter and subject to cram down or lien stripping if borrower decides to file BK.Also, if you don't have a deed of trust to go with this note it's unsecured, it then becomes expensive toilet paper.Also, you should get the deed of trust insured with a ALTA lenders policy.Also, this may be a personal thing but I like monthly payments, not everything at the end. 

My 2 cents: TRY TO TRUST that the bank's loan officers are abiding by their rules/regulations, and abiding by the contract.

Every state has different sub metering regulations and you need to get intimately familiar with them.  

Rewiring, re-plumbing and moving walls and opening up spaces.  

What is the usual discount for lumber, cabinets, shingles, plumbing, and electrical?