Hi all,Any thoughts on how to manage a property under contract that learned a loft does not have permits?

Find out whose desk your application and permit are on and be proactive about contacting them to help push that process along.

Permit delays are definitely a huge headache for many of us.

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

The basement wouldn’t be counted as a third unit until it’s permitted as one.2.

"[2] A maximum of two dwelling units are permitted for lots less than 1,440 sq. ft. in area.

- Any unique challenges (competition, regulations, permitting, financing, etc.) we should expect?

Short-term rentals here require a city permit, and with talks of current restrictions, it’s likely that new permits in certain areas won’t be approved if it passes.

Having an architecture + permit-ready background is a huge asset — a lot of investors underestimate how much time (and money) gets lost in permitting and city approvals.

On the investment side, deals are still happening, but margins feel tighter, especially with rising holding costs (permits/utilities, etc.).I’m curious how others are adjusting, whether you're flipping, holding, or mid-BRRRR.