I agree there was an element of risk, in large part due to my being early in my career and the lure of cash in hand. 

Hey @Ryan Brown - if you've provided the splits and tenants have ability to control their own temperature, then I can't imagine why you would be further responsible for the tenants unit temperatures. 

My main concerns are health & safety, along with the ability to insure the property for $300 or less per month.

They're trying to eliminate a landlord's ability to ask for market rent if a tenant moves out and you have to rent to a brand new tenant that you've never rented to before.

Based on the statutes, the legislative history, and the case law, the following 7 essential elements will help guide you when working with your lawyer and administrator. 1.Third Party Administrator (TPA) – I use Trust-CFO as my firms third party administrator for my CA clients with PRPs. 2.Qualified diagnosis by the TPA to determine if you even qualify3.Asset exemption analysis by the TPA to determine which of your assets are eligible for exemption4.Funding analysis based on income, age, and retirement needs5.Plan documentation and funding of plan – this is a critical step often overlooked or not done correctly.

I cannot opine to the ability to do a project there.

For all three clients the emphasis was on a second family vacation home with the ability to offset costs through STR.

What would you recommend as the most cost-effective approach to obtaining all the necessary elements for a building permit?

If you accept applicants with no social security number or the ability to read and understand a lease agreement, then you shouldn't require a social security number from anyone.Two thoughts:1.

I had the ability to invest anywhere in the Metro Detroit area I desired.I intentionally chose Detroit because I was certain it would outstrip the suburbs in terms of appreciation, and it blows aways the suburbs when it comes to cash flow.I've been dead right on that for the last 5 years, and I don't see the trend changing any time soon.