If you value the friendship and are willing to consider him as an applicant, I would just have him apply as any other person would and treat them with equal consideration as you would for a stranger about the property.

I think the fire department requires separate addresses which in turn triggers the separate meter requirement.

Better yet, have him just add you to title so you don't trigger the due on sale clause.Just my Humble Opinion.

Although I have been following and learning from BP for years, we are both brand new to this, and I think we may be about to pull the trigger on a mistake, and I was hoping to get advice here before I cancel our offer.The property is in the 30349 area of Atlanta.  

Wonder what is triggering it, and whether it is sustainable if it is mainly driven by STR investors and things start to saturate. 

I am worried that purchasing the property and then transferring it to the LLC will trigger a due on sale clause that could cause issues after purchasing the property. 

In addition, after NDAs expire, intellectual property rights such as copyright or patents may remain to protect trade secrets.The NDA must be supported by a fair consideration such as payment for service or potential employment.

I understand doing an initial BRRRR on a low cost property so my subsequent information is something to ponder possibly only for future consideration.  

This is very relevant in my considerations!  

Its not without hassle though, that's an important distinction, tuckpointing, brick sealing, and potential wall separation/collapse are always considerations.