SFH converted to two dwellings for college students

[Suzanne Marlatt]

Hello,

We are investors from WA with a sfh in Moscow, ID.  We have purchased a larger home and made two full dwelling spaces; a kitchen on the main with 4 bedrooms and a kitchen in the basement with 2 full bedrooms.  The home is spacious enough to house 11 young college students; at a local growing private college.  We are wanting to find investors who would like to enter the Moscow real estate market with a partnership in a business model that has worked for over 4 yrs.  We are seeing if this is an option as we have ourselves in a scaling-up phase - we have purchased a commercial property local to us and are borrowing from our retirement to do so, with the intent of paying back with the possible sale of this home.  

That said, we'd consider a partner joining us.  They would contribute anything from 240k +. If interested please contact for cashflow numbers.

Any ideas on how to move forward would be greatly appreciated. Love our BP community.

The Marlatts

[Melanie P.]

You should consult with a securities/private equity attorney for some information on the legal way to market this opportunity. 

No zoning issues with your proposed use of the property? Aside from your public offering of unregistered securities that's risk I see immediately. 

Best of luck with these ventures.

[Suzanne Marlatt]

It is R4 zoning so multi family is allowed but it is a non-conforming sfh.  That said, its been an establishment in the neighborhood for 4 yrs and now neighbors question what will move in next.  

We're hopeful an investor or large family will enjoy it next.

Thanks so much