We already had sufficient erosion/silt plans in place.Waiting on Newspaper to send me affidavit I posted a public Storm Drain notice. 

I figured adding an addendum to the lease to add him as a tenant with joint and severable liability would be sufficient, but I have no experience with writing any addendums yet. 

- Does every person need to meet the required rent to income ratio, or can one tenant cover for another given that they have sufficient income to do so? 

I don't want to continue with any Section 8 (after I buy this property) but would like to give the tenant sufficient time to find something once the moratorium ends.

Or is a lawyer sufficient?

@Kaylea Bienek google fha self sufficiency test if looking to buy a 2 or 3 unit.

More often than not, using neighborhood comps are more than sufficient for finding the ARV.

Many investors do not have sufficient capital to act like the bank and fund the SCBN, so the SCBN would be drafted in the name of the Qualified Intermediary and upon closing of the sale of the relinquished property the Qualified Intermediary would be holding $50,000 in cash and $50,000 in a note. 

The LLC is for my contracting business but I was also considering setting up a separate one for my rentals (especially if business financing is a possibility) or should my liability insurance be sufficient for now?

I’m talking to my lender now and we think that my change in circumstance should be sufficient enough to get me into a property with 5% down!