In your circumstances, the owners will 100% have to personally guarantee any loan to the LLC, so this won't be an issue.

I actually had a similar project in a residential neighborhood hoping to convert the property to 8 bedrooms, but unfortunately it went south.

In this case, the victim of family violence has the right to break the lease and leave early after providing the landlord proof of circumstances.

I think we unfortunately didn't realize the risks that come with renting out an illegal unit until now, but if we move on from this deal then we'll know to only seek legal 3 flats in the future. 

Unfortunately, losing money can definitely happen in RE when there are major things that change and you have to sell. 

I ended up submitting a letter with the offer but I was unsuccessful unfortunately.

Unfortunately, cleaners may try to demand more over time and a new cleaner needs to be found. 

unfortunately what is on the web, once it is there it is there forever.

Definitely not a plumber, but have had the unfortunate pleasure of fixing a toilet or two. 

Unfortunately because loan programs change so rapidly, you might have to manually call local banks yourself for programs as they evolve their lending guidelines.