Usually, if something has been proposed the city sends out some type of notice to the property owners in the area regarding the proposed project.

So, when I was looking bring about this type of proposal forward, I looked into who was selling the properties I liked.

Landlord or Tenant Friendly State legislation 6.

For the size of your proposed adu, highest and best may be as a duplex (if zoning allows) and the appraiser may appraise as a multi fam. 

Once you own more than 4 doors in a community or 2 in states you don't live in, it is worth it to have a professional, as that is when new legislation in areas will have a higher risk for you as a landlord.If you are a personality that does your own business, and private taxes, repairs your own car, manages your own rental flips and finances properties on your own, then you more than likely don't need a management company.

I am proposing that my partner pay 50% of down-payment and also along with that take a personal loan from me for 30 years for the 50% of their remaining portion of loan.

Cleveland City Council has recently proposed a new ordinance that would make it very difficult for us.

But you can look at action items 1 thru 10 at the bottom and see the action steps proposed and taken.I will have to monitor these weekly. 

Also, rates are still low.So, other than terminology, what you proposed in your original post and what you said your broker proposed sound like the same thing to me. 

I haven't heard of anything new that further restricts sophisticated/non-accredited investors beyond the limits that have already been in place, but it's possible I missed a recent policy proposal.