If for any reason my buyer fails, I will make payments and I will foreclose on the buyer - in this scenario, the seller's credit would never be impacted.Hope that helps make the subject a bit less fuzzy.

If solid comps are showing 120k, you should be good, "if" you have solid rehab numbers.When I run numbers for a flip, I take the worst case scenario on everything, then if I still have 20k profit(after commissions, holding costs, insurance, closing assistance) I will proceed. 

You need representation that has a lot of experience to avoid common issues like early terminations, performance of that location for tenant, etc..Rule #1 is make sure you are happy with market rents for the building (not what current tenant is paying).

It's best to speak with a lender and have them look at your scenario.

Yes - you should be able to find a lender that is "AirBnBRRRR" friendly - most DSCR Lenders will require the full 12 months of STR history but a few that specialize in STR can qualify less than one year, typically with AirDNA projections or some common-sense mixed underwriting approach

The most common exemption is the exemption for private offerings.  

Hi Bryan, we have a lot in common.

I would think besides the bureaucracy of splitting, the most effort in this scenario is maybe utilities require splitting.  

It is very common in this space 

It is cumbersome though, and confusing when getting beyond common data entries.