More concerning, @Josh H., is you’re splitting your profit 50/50 with a partner and suggesting hard money is for suckers??

Some bills for utilities were verified but others have no accompanying receipts / invoices and even double charged. 

Some of my concerns are:1) There’s a tenant currently in there that we’d either inherit or need to kick out.

However, my concern is:  would my parents be committing fraud by getting a HELOC, and then turning their primary into a rental just a few months later? 

For example one big row of 15 units isn't optimal but if I want to break them up I would have to have 20' between blocks, which would kill yield.Instead of waiting for them to modernize their multi-family regs (at least a year out, maybe two) or sucking it up and living with the costs as things stand, I could instead do 5 "triplexes" of single-family + 2 ADUs and bypass some restrictions (only 5' setbacks between blocks, 1 parking space per ADU unit instead of 1.75, etc.).But I'm concerned that Seattle builders may quickly move away from this strategy as HB1110 will (in Seattle and many other larger cities/counties, but not mine) soon enable sixplex townhouses in pretty much all the areas where the condo-ized ADU strategy has been mushrooming. 

Talked with wife she had same concerns I had.I talked further with the family member about the agent.  

The one that I am most concerned with right now is the ceiling height.

I actually ended up securing a lease on the third, but took a 2.5 month so I'm already concerned for next time ha.

House hacking requires tenant management and privacy concerns, while live-in fix and flip requires more capital for purchase and renovations.

Quote from @DJ Thielen: This matter has been fully settled 100% with an ex-tenant MacKenzie Loper that was renting, but I was told she can’t post here, by her, because bigger pockets has now actually banned her from the site...therfore I’m posting this notice of settlement and confirmation that this matter is completely and 100% fully resolved and settled as of 06/25/2024.Anyone with any issues about myself or my company I’m happy to speak to you personally as I've been in businesses of my own for 27 years now, and you can view my over 700 5 STAR client reviews here at https://reach150.com/m/review/38018/empire-real-estate-dj-th...so please feel free to reach out directly to my personal cell phone 1-503-740-6029 with any questions or concerns I'm happy to assit you.Also IF you're a Real Estate Investor needing guidance or help, feel free to reach out I'm happy to so how I can assist!