@Carini Rochester The code seems clear(ish) but I've built many types of structures including apartments/dormitories/hospital and have never had to fire rate the exterior walls (unless they were within 5' of lot line).  

Area has lots of opportunity for more structures, and saw an opportunity for a less than market priced deal.

It’s a great market for long-term appreciation and growth, but it will be harder to achieve cash flow compared with how the Midland home is structured.

It wasn't always smooth sailing – I've learned a lot from my mistakes and am happy to share those learnings to help others avoid them.Feel free to ask me anything about structuring subcontractor relationships, ordering materials, or keeping budgets on track.

I am looking at structuring a deal and I'm worried the DSCR will be too low and the deal may benefit from restructuring by purchasing the 2 vacant out of the 12 otherwise occupied units with hard money as opposed to trying to purchase all 12 with a institutional loan just because I'm worried the 2 vacancies will drag down the DSCR for the new purchase.    

We have been doing our homework, educating ourselves by reading books and watching educational videos online about how to better structure a company/ies for real estate investing.

For information about the legal implications of syndication investing and structures. look at Mauricio Rauld, a recent video:How to Become an Accredited Investor | Updated 2024 (youtube.com)5. an obviously read all the threads on the BP thread for syndication investing under forums/real estate strategies/ syndications etcgood luck

If you're in an area with mainly young families or maybe an older generation who just want to live by themselves and not be bothered with people living in the same structure as them, then the home is probably less valuable.One thing I do with some of my investments is to convert it in a way that is easy to be removed.

Consider speaking with a CPA as well on how to better structure your investments. 

From what I have researched, and from what the Modular architects/manufacturers/contractors have told me, there is no difference in valuation if it is permitted and receives its CO as a permanent structure.