.🔹 Co-Living is Gaining Legal Ground:Colorado eliminated all restrictions on the number of unrelated adults living together statewide as of July 1, 2024, marking a major victory for co-living advocates.This week, Jacksonville Municipal Court ruled in favor of PadSplit, voiding citations for “illegal boarding houses” on constitutional and fair housing grounds.Cities like all over like Washington D.C. are considering zoning reforms to allow more co-living developments as an answer to the housing crisis.As Airbnb restrictions tighten, co-living is emerging as a scalable and legally sound alternative that balances affordability, tenant stability, and community needs.

You purchase title insurance in case there is a lien they missed.It sounds like you merely defaulted on the contract.

My two partners are willing to pay their share, but they’ve also offered me the option to take over the property completely since the loan is in my name.Here’s my dilemma: If I keep the property and rent it out, I could get around $2,300 in rent, but my mortgage is $3,300 at a 7% interest rate.

What you're posting about does not sound out of the ordinary at all. 

Sounds like a great deal overall, congrats Ghita! 

Hi @Jay Hurst, sounds good and will definitely like to connect.

It sounds like you might be looking at more of a custom or semi-custom build.

This is how they ensure the work is completed and the project is staying on budget.The questions you should be asking are what is the draw process.

Quote from @Michael Daniel: Purchase price 70k currently pulling 900 rent ARV 110 - 140k, rehab about 25k @Michael Daniel That rent sounds too low for that ARV.

I am not a big fan and it sounds desperate, not to mention takes away from the purpose of what BP is.