I have tons of respect and admiration for you taking massive action straight out of college and diving into the real estate game!

The strange thing about Ogden is that general operating numbers are remarkably consistent for respective configurations despite condition or location. 

If anything I would of started the pay or evict paperwork from the get go, otherwise just stand your ground but be respectful.

It's legal for regular business, but I have a feeling it is violating some type of antidiscrimination laws for HUD with respect to renting.

Keep in mind that a 24 month double-up represents a roughly 50% IRR, which no self-respecting syndicator would ever actually promise to an investor (unless they enjoy being sued.)

The loan limits are different for 2-4 units properties in regards to the VA loan.https://www.benefits.va.gov/homeloans/purchaseco_l...Respectfully,Rosanna Shepard

While I do think that REITS sound ideal in most respects, it doesn't seem to be something we can creatively finance using BAH and TSP loans (same for notes).

Treat them with respect, explain the contract to them, and emphasize how your are in compliance with it.

I’ve gone through the process myself here in Baltimore County without the use of a lawyer and found it pretty straightforward but again I’m sure it varies.I respectfully disagree with anyone who says forget about it and move on.

(If not - then it's a major mess, best left for professionals to untangle.)Under this scenario, here is how you should have handled the sale:From the sale proceeds, reimburse each other for your respective contributions to the closing costs.Whatever is left - split 50/50.For taxes, each of you will report half of the sales proceeds, adjusted for the combined closing costs.If you can go back and do it this way - your economic parity will be intact, and so will be your tax reporting.