You are all-in at 78% of value and your exit value is questionable as well.To fill in the pool, you will need to get a permit, have enginerring and soil compaction tests, and any other requirements the city/county demands.

On page 6, section 19C under Other Provisions it says and I quote:"This Agreement constitutes the sole and entire agreement between the parties and shall be binding upon the parties and their successors, heirs, and permitted assigns.

This looks like permit work, especially the baths and kitchen, and you won't get permits without a license.

...It would be worth mine :mrgreen: On the other hand you buy a house for $100k and rehab it for another $80k over 3 months including mold remediation, foundation repair, permitting and changing all the major systems in the house...possibly adding square footage.

As permitted by state law, recording fees and/or release fees are the responsibility of the buyer.8.

Now a days we are doing tear downs, that we can rent out for a year or so while we get our permits approved and then build when the time is right.

That city, however, does require a business permit to operate a rental property.

The local borough says I have to go through a zoning permit for the 6 units if I decide to renovate the attic.

There isn't much building going on, although the building department says they are issuing permits again.The houses that I am actually seeing being built are on lots that I know haven't changed hands, so the lot owners have waited and are building now (a few of them).

Big rookie mistake is to not understand assignment is permitted unless specifically denied in your approved contracts.