However, The requirement for single adu seems seldom enforced on duplex if it stays below 5 units. 

Quote from @James Jefferson: Hi, I have a family member that had a reverse mortgage on their property it's a 3b 1b 1 acre of land heats by oil no hvac and on well water.

As for holding periods, some lenders may require you to occupy the property for a short time before converting it to a rental (typically 6-12 months), so check the fine print on that.If you’re set on making it an investment property, you may need to work with a lender who specializes in investment properties, even if it means a slightly higher rate.

If the LLC owns a property in a different state, most of the time, the other state will require you register your LLC as a foreign LLC. 

I do have a quality builder that could facilitate the build but not required for JV.Is this enough to bring to the table?

I reached out to a friend who has a PM company, but they require all contractors be insured.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

The US taxes global income which dramatically increases the reporting requirements.

Give them a short, professional notice and move on.Second, I don't think a specific form is required in Massachusetts.

The agencies require all properties be - on average - 90% occupied over the prior 90 days (IE - the property needs to be 90% occupied on average over the trailing 3-months leading into quote / commitment).