The main thrust of the bill, among other adverse provisions, lies in granting New York’s municipalities the ability to opt into New York City’s rent regulation system, where a rent board sets the legally permitted increase in rent every year based on its own calculation of the costs to operate an apartment building.

@Stephanie D.I made the mistake of hiring unlicensed trades on my second rehab (trying to save money) and it cost me almost double in rework and permitting issues.

I doubt it, but it’s possible the building permitting dept may adhere to any deed restrictions.

  $25K would permit a $500K purchase but it would leave you without any reserves (not a good idea). 

Zoning and permits first.Plans to get the permit have to be worked on with the contractor to get the details worked out before anything is done.NO you dont go to home depot to get supplies.

I had one contractor doing mostly everything with no help.Here’s the breakdown of what I spent:Management/Permits: $2000Cleaning: $340Painting: $4200Doors/Windows/Trim/Carpentry: $800Electrical: $1900Plumbing $1200Cabinets $700Countertops: $850Flooring: $2800Appliances: $1900General: $3000RENT:I found a tenant in the first couple of weeks and rented the location for $1000.

(without building an extension or anything structural that require permits and take long time)  I hope that helps!! 

However, I was told by an investor that in Florida, the law prohibits refinancing a property by its market value within the first two years of owning the property, and what the law permits, within those two years, is refinancing only by the purchase and rehab costs that can be proven.  

I'm talking more along the lines of permits and making sure everything is good to go with the city that I build in.

I know there are other places that a far more extreme with re-permitting and bringing work up to code.