Every day we have letters typed by us that we have our front desk associates address by hand in between phone calls & customers. 

Any buyer can walk in behind one of these frauds, make an honest offer, put down substantial consideration, and kick the unlicensed broker to the curb.From the statute:All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserve

I want to ask does property insurance will accept for extended property without permit.That residential property is in Los Angeles city, it has 2 buildings in a lot. Each building has extended about 100 square feet fo...

Your investment is at the mercy of the association and its Board of Directors.Some associations welcome investors and are renter friendly and others despite the governing documents permitting rentals are not rental friendly at all, which leads me to my next point.In addition to the REI due diligence you're already doing for the area, the property, rent etc. another very important aspects of this purchase are the governing documents.I would advise anyone who is considering purchasing a townhouse within an association to carefully read the governing documents before making an offer on the home.

Supposedly modular can save significantly over custom home builders.Does anyone out there have thoughts on this?

Thanks @Devan Mcclish and @Tommy D. for bringing this up.I'll simply echo and strongly encourage all permit-holding Short-Term Rental Property (STRP) owners to get involved in NASTRA, which is our local STRP advocacy organization. 

While the state government may have created red tape/permits specifically for real estate, there is not a statewide general business permit.

You may need a special permit and licensed contractor for those.

I received a quote from a local company to do the full tear down, permits and disconnects for an 800sf house.  

Each property has 2 permitted houses on the lot.