That higher pressure gas main means a different pressure regulator is needed in the meter (or so I was told), and that means another new gas meter at that same house.Three new gas meters in the span of five or six years, all paid by the gas company.

Check with the regulatory body in Roseville to find out what the minimum rental term is.

Make sure to build in a buffer for unexpected expenses or market fluctuations.Consider conducting a market analysis to ensure your projected sale prices align with current market trends in the Niagara Region.Timeline:Your estimated timeline of 12-15 months sounds reasonable, but it's essential to factor in potential delays such as weather, regulatory approvals, or unforeseen construction issues.Legal and Zoning Considerations:Given the change in land use (from a single vacant lot to multiple building lots), it's crucial to understand and comply with local zoning regulations.

There are lots of markets that are saturated and you're correct that a lot of STR operators are being forced to pivot to MTR because of regulatory pressures.

I don't do that, I teach and have taught business law, a law degree is not required, I give my opinion as on topics and general questions having worked in the regulatory and law enforcement arena.

The regulatory issues aside, the contract as described purports to give the wholesaler the right but not the duty to purchase a house in exchange for $10.  

The regulator I was talking too is also investigating a broker that has been listing wholesalers deals on MLS..  

Will it be easier from a permitting/regulatory perspective to go ADU or DU?

I prefer to not inherit other people's problems.Even if I was to give you a building for free, you'd still have to shell out money for inspection, environmental, due diligence, regulatory, lender and other reports (i.e. major $$$). 

@Joel Feingold  do you understand selling fractionalized notes to California investors is a regulated investment needing certain regulatory disclosures and such... and in many states you would need to register as a security... if they are all Illinois residents then that's fine  fractionalized notes are not regulated there... they are illegal in Oregon for instance..