@Jae Jun: Although the conversation has changed much, and toned down regarding proposed restrictions, the plan from jump has been to allow anyone with an existing STR, so far defined as a place that's been rented STR at least 2 consecutive days in the last 6 months, to get a permit and be grandfathered.

It is pushed over and over and over, especially on social channels and from service providers, and often interchanged with other terms and defined differently constantly, but mentioned again and again. 

Clearly define terms, including an exit strategy, buyout options, and how proceeds will be split.

The lease agreement could include a clause stating that any excessive utility consumption would be brought to the tenant's attention, and define what is considered "excessive" somehow. 

Companies like State Farm, Allstate, or Chubb often come up in conversations, but comparing quotes with independent brokers might give you the best value.Since you're in a general partnership, it”s critical to clearly define liability exposure.

Each housing authority (HA) provides a voucher amount determined by bedroom and some further define it by zip code or city within their covered area.

@Manoj Mathew Is this allowed in the PPM-legal documents that your funds can be used for different assets/projects than were defined? 

I recommend a few things:  define what you want to achieve and why investing in the US is the vehicle to achieving that ROI. 

I'll only add when talking to brokers have a "buy box" defined and research commercial deals to understand it as best you can before you have your first meeting or your broker contact will likely consider you to be a low-chance buyer and not take you seriously.

Income rights being given up is defined upfront, and the property owner decides how much income they’re willing to share in exchange for the funds they receive.