Are you confident you can obtain permits within the 45-day window? 

I initially purchased it to setup an automated commercial farm.

Dallas is generally one of the more easier cities to work with when it comes to permitting.

Make sure all four units can legally transfer permits—otherwise you might find yourself holding a “fourplex” that only pencils as a duplex.Cash reserves: I’d plan on holding enough reserves to float one full off-season of debt service.

The reality is we're operating commercial businesses in residentially zoned areas that objectively don't make any more sense there than a Hilton or a steel mill, neither of which would be permitted to operate there. 

Many chicago GC's even though are licensed aren't pulling permits unless there is already violations or its a huge gut project so that is a bit differant then most cities. 

For example an oceanfront property with a transferrable STR permit went pending in one week..and at least 5/10 of our top luxury STR prospects are off the board..Advice to anyone, anywhere on how to close a (healthy) STR on a tight timeline:- First and foremost - perspective: Acquiring a turn-key (particularly luxury) STR in real estate terms is the equivalent of purchasing a Ferrari.

Only licensed plumbers can obtain the permits to complete underground plumbing where I develop.

One of our strategies is to pay attention to drilling permits and once those are filed we start giving that unit attention.

But you need to be ready to buy the land, immediately get it entitled and permitted, and start building as soon as possible.