Let me know if I am missing anything.Purchase cost of an old house on a 7,000 sq ft lot        - $ 1,800,000Architect Fees                                                            - $     30,000Other Soft Fees (like Permits)                                     - $     45,000Construction (3,000 Sq Ft)                                           - $   700,000Finance Costs(Borrowing around $1.4 m for 2 years      - $   110,000as primary residence mortgage)Selling Costs (5% of $3.3 mil)                                       - $   165,000------------------------------------------------------------------------------------Total Costs                                                                 - $ 2,850,000Selling Price                                                               - $ 3,300,000Profit                                                                         - $    450,000Are these realistic?

When I tried to pull permit for an addition, the city asked the issue to be resolved before permits can be issued.

Let me know if I am missing anything.Purchase cost of an old house on a 7,000 sq ft lot - $ 1,800,000Architect Fees - $ 30,000Other Soft Fees (like Permits) - $ 45,000Construction (3,000 Sq Ft) - $ 700,000Finance Costs(Borrowing around $1.4 m for 2 years - $ 110,000as primary residence mortgage)Selling Costs (5% of $3.3 mil) - $ 165,000------------------------------------------------------------------------------------Total Costs - $ 2,850,000Selling Price - $ 3,300,000Profit - $ 450,000Are these realistic?

The entire structure has been revamped with no permits, no requests and no approvals which the CEO (Code Enforcement Officer) didn't appear they would give them."

Sec 34-863 & 34-864 covers not getting a permit in the first place:Sec. 34-863.

Second property is the one we just paid off and we were under an ARM which wasn't bad but about every two years it was being sold to a new company and each company was very different in terms of customer service.3.)  

@John Underwood in certain counties in TN like Davidson (nashville) you cannot get owner occupied permits in an LLC.99 % of owner occupied permits are for Residentially zoned properties.

Demand is steep for contractors and trades most won't go out to a property unless you have it under contract or you are a repeat customer.

I can't find the link, but I think it was Poland.I'm not sure if he was reacting to his target customer base, or his own personal likes though.If the developer is a member here, maybe he can weigh in on it.Good Luck! 

I have a SFR in a rural area that doesn't have permitting requirements.