There are certainly people who skirt the rules by not disclosing the nature of the downpayment money or where it comes from but it seems like your partner is doing this the right way.

I think its going to just take some time for the end buyers in the chain (the people responsible for buying the MBS through the whole process - generally banks, insurance cos, pension funds) - by nature are very conservative and slow to adopt to new things like SRO.Its a tough situation because the message a lot of times ends up being "rent it out traditionally on a single lease since thats more conservative" yet they are out of touch with investors who can only cash flow in this current environment with creative solutions such as rent by room, etc.

Personally I'm not really worried about natural disaster type issues in DFW. 

Think thats just the nature of the beast.

The only issue is that they're usually clumped together, meaning a lot of small time landlords dictate how the neighborhood develops, and naturally most renters are not going to do extra maintenance for someone else's property.

Plenty of shopping in Castle Rock, Parker and Elizabeth, which are all only minutes away.

Two new giant developments recently announced...Hard Rock and Margaritaville. 

@Jamaar BrownOn a BRRRR if your not “All In” (purchase & rehab) at 70% of ARV you will leave some of your cash in the property when you do a cash out refinance into your long term hold loan for the property.It’s not the end of the world, but it’s a rock solid ROT if you want to consistently cash out all your capital back out on a BRRRR.

Any resolution to share the costs would need to acknowledge the restricted nature of the common elements involved, such as the windows."

Picture this: a cozy little hideaway tucked into the hills, surrounded by nothing but nature's beauty.