The Banks will look to your personal financial capability.  

I have seen some turned into jewelry stores, camera display store, restaurant speakeasy type thing, Fed Ex shipping type place, etc. 

If you do not think he/she is capable of answering the questions - you may want to reach out to another accountant who can answer your questions.

His pursuit of my $3000 overtook the lack of common sense in giving a brand new investor or newbie $750,000 and saying to him go forth with my money and do great and wonderful things that I just know you are capable of.

I wouldn't have told the tenant I intended to sell the house but that ship has sailed.The tenant is responsible for the full term of the contract.

Please correct me if I am wrong as I am about to jump ship to MF.1) My SF properties often are empty at the same time - summer - because everyone is moving after the school year.

I shipped them to property managers instead.

I was back home in India and I made my offer based on 2 reasons. 1- I had a good team, both the agent and the PM are efficient and highly capable and 2 - numbers worked.I'd freak out only if you didn't have a decent team to work with.

I'm currently using AmRent for credit and criminal checks and they claim to have a manual eviction search capability but I haven't used that component yet.

I’m in a 506(b) on the GP Side right now & other than the ability to advertise under 506(c), one reason one wouldn't go with 506(b) and accept Sophisticated investors is increased liability.We feel comfortable and run a tight ship so we’re not too concerned; However, our SEC attorney has drafted all docs (operating agreement, subscription, & PPM) and has encouraged us to have the PPM be a more robust version because we are allowing sophisticated investors to colloberate.