You may be required to have the septic and well inspected and there may be requirements to upgrade the systems to current code if you are pulling permits to do extensive work on the residence. 

I'm looking for a contractor who's fully insured, registered with the City of Evanston and willing to set up the necessary city permits and inspections.Thanks.

Anke sure the additional beds/baths are permitted.

I did the work myself, minus rough-in plumbing, fully permitted in my “spare” time from a full-time job as an operations manager, a pregnant wife, a 1 year old, and 2 60lb dogs in about 5 months.

Once they received licences and occupancy permits, it would take another 6-12 months to fill the complex, if you were ever able to fill it completely.

The village of Oak Park is very strict with permits and licensing.

Recently I have been hearing rumblings from other Phoenix area investors, that are pulling permits to add sqft or tearing down old properties and build new, about a Speculative Builder Sales Tax in many metro-Phoenix cities.

City of San Antonio requires an Engineer's letter to close out all residential Foundation Permits.

- on what kind of notice will this be permitted- does the other have 'first refusal' to take over the whole venture?

Don't forget pest control costs, permits (if needed), and taxes that may not be pass-thru to guests -- like a Gross Tax some jurisdictions have.