The city finally made an STR permit law last year that made STR a legitimate business here.

Does that town require a permit for siding?"

It does make it difficult when formulating your offer but a good buyer's agent can help guide you through things like looking at permits to see how old things like the roof, water heater, furnace, etc are. 

Are GC licenses in Arizona state issued or just local to the city you're pulling a permit in?  

Imagine blowing out a wall and not having a structural engineer sign off on it, no permit and no inspection inspection to make sure that it is safe and done according to the approved drawings.

And assessed value is less than FMV by more than 10% (at least they are in my area).I don't have experience with reassessments but I would think that if you pulled permits for a large reno then you'd get reassessed the next year.

The Property management company hired a contractor to work on the wall and broke ground without a permit.

I would also avoid condos & townhomes because more than likely their HOA bylaws will not permit Airbnb rentals.

@Kuriakos Mellos - More or less, Illinois licensing law only permits licensed real estate agents / agencies to collect a commission.

The owner wants a considerably low price.The homeowner had started doing repairs to the house but did not pull any permits.