It was totally manageable with 300 dollars per property (2 months of work to buy a turnkey rental) you are going to need 20-40 of these to replace your income.

Not only do they then lose their own deposit, but they also lose a tone of credibility for doing so with sellers and agents alike. 

If you want to get rid of all the non-bearing interior walls and turn it into a giant studio ... have at it.I assume from your tone you want to argue that it's a 3 bed for underwriting purposes.  

I'm curious what I can expect to need permits for and what that process usually looks like?

The city manger made a statement to the Tv & paper that without a permit, the new ordinance prohibits me from using my house as an STR (I do not live in this home) so they say I'm going to need to cancel my bookings & cant rent it out any longer!!?!

And he's going to need to exchange more than just the down payment in order to have any kind of meaningful tax deferral.One option would be to structure it as a lease/option. 

Hello everyone ,       My name is Gabriel I live in the Pittsburgh area Im really excited about starting my Real Estate  business I've been reading so many books and researching tones of Real Estate  information . 

Your going to need an LLC for each partnership, operating agreements, and commercial lending from a local bank.

And without a job, money is the one thing I'm going to need most. 

You are going to need enough on hand cash and a good credit score with employment history to qualify for 20% down + closing cost financing.