You might also consider talking to the tenant about shifting the rent due date to the first of the month to avoid future confusion and align with typical forward-paying leases.

Quote from @Henry Lazerow: More competition typically lowers prices.

I guess the purpose for this is to help fund community improvements and maintenance though it's a bit unusual since HOA fees and property taxes typically cover these.

Like you said with fixed you know exactly what to expect and right not fixed rate HELOCs are typically lower than Variable rate HELOCs. 

In general ADUs added in single family zoned areas are typically receiving valuations of less than 50% of the hands off cost of an ADU addition.  

Typically, PadSplit rentals are anywhere from 6 to 9 bedrooms per property.

So typically passive activity losses are grouped together and carried forward to offset other passive activity losses if your income is over 150k.

This would involve an agreement with your partners and a formal transfer of ownership, typically through an updated operating agreement.2.

Optimally, the lawyer or the firm should be familiar with public infrastructure that developers are typically asked to pay for, such as road widening, turning lanes, new roads, sanitary sewer extensions, new water and electric extensions, fire hydrants, etc.

If you had a locked door or no access to that area that would typically suffice.