However, here are some considerations:Permitting: Unpermitted structures are often a red flag for lenders because they may not meet local building codes or safety standards.

The home has a foundation and we plan on restoring the structure to have it classified as a single family residence, and then to lend against it.

The age of the home and its two decade vacancy has led to more damage to the structure than we originally thought.

Explain your worries about potential damage to the new porch and noise disturbance, especially if it's causing vibrations that could affect the structure or annoy neighbors.Consider Amendments: If your lease agreement doesn't currently address items like punching bags specifically, consider adding an amendment that outlines rules for using outdoor spaces to prevent future misunderstandings.Document Agreements: Whatever agreement you come to with your tenants, document it in writing to ensure clarity and as a reference in case issues arise later.If you need any further assistance or would like to discuss please feel free to DM me!

He can help you structure the best options and he’s an FHA and equity line savant.

As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and handling multi-entity structures.

It showed on my credit report as a credit card with the max credit line at the project total, because the bank financing it structured it that way.

I just don't know how to structure this since we are talking about his time horizon and mine together, but separately. 

However, there is a workaround: if you can structure the transaction such that you acquire 100% of the membership interests in the LLC, it can be treated as a direct purchase of the underlying real estate by you.

If I go this route what steps should I take to makesure this is carefully structured as I am not trying to get into issues withthe IRS?