Your properties appear to be non-owner occupied and any arrangement that may appear to be an installment sale may need to be compliant.

(Basically, run as little electrical as you can while still being code-compliant)* Builder-grade everything, including all fixtures and composite-type trim (no real wood trim)Some builders will do unethical things, like use over-spanned whitewood instead of yellow to save on lumber costs.

You're not going to "get it" looking at schemes of options and lease arrangements and be compliant without starting out at the beginning.

I suggest you forget it in Mo. it will be difficult to be compliant and you should use a mortgage originator.

If so, then I will need to make sure I stay compliant with any regs.

It is an 1895 building with no accessible entrance, lots of stairs, and bathrooms that were not designed to be ADA compliant.

Things like criminal reports, verifying former landlords, and verifying income are crucial and fair housing compliant.

Once the QOF is set up - you will likely want to work with a CPA to make sure you are compliant with the QOZ rules and file the annual tax return with the IRS/States.

If I'm your tenant, I'm going to figure out who among the four of you is the weakest, softest, and most compliant owner, and I'm going to work that person like it's my full-time job!

First figure out how you're going to structure your deal and remain compliant.