I really think that regulation is ripe for a legal challenge. 

My First Multifamily Full Cycle Success Story: From Busy Attorney to Real Estate InvestorI’m thrilled to share the complete journey of my first real estate investment—a 44-unit multifamily property in Lawrence, KS—from acquisition to exit.Balancing a full-time legal career and fatherhood, real estate seemed like an impossible dream.

Does anybody have any advice on what to put on a contract when hiring a GC?

Originally posted by @Mei Ling Schulz:If they have their real estate license then yes Please be very careful giving legal advice, especially when you are wrong.

Try to account for that type of work when going into contract/while you're in contract during the inspection period.

He is continuing his contracting business and I reactivated my brokers license here.

If you do research ahead of time, what are some red flags that would cause you to back out of a deal or add a couple thousand to the deal cost for legal battles/ cash for keys?

The good thing about househacking a legal multifamily unit is that lender allows you to use the vacated units of 75% market rent as an income to offset the potential current mortgage.

2) Call the City Building or Rental Dept to see if it has a Landlord/Rental License and if there are any outstanding tickets or permits.3) Highly recommend hiring an agent, familiar with rental property transactions, to create a purchase contract.- DM us for one that will do for flat fee.4) Highly recommend having property professionally inspected, including sewer camera.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.