All of these restrictions and modifications of acquisition standards were attempts at controlling the variability of ownership of an extremely variable product: scatter site SFR.

Both options necessitate careful legal and financial planning due to their complexities.Renting out the property at a market rate of about $3,500 per month offers a different set of financial benefits.

They are already engineered for it with modification engineering  needed to maintained designed ratings.

Understanding one another's difficulties can lead to better solutions.Make sure that any modifications to the rent payment schedule are noted in writing, perhaps as an addition to the lease agreement.

I’ve read through the local ADU regulations and think that meeting them for this property will be feasible, though I still need to price out the required modifications (adding a kitchenette and a separate heating source).  

It may be more flexible to introduce a family member as trustee only for that spouse without taking over also for the other still able spouse.If you really want to go the single trust route, your LLC will probably need some modification as it would become a single member.

2004 purchased a 2/1 for $2500.00 sold it 6 months later for $55,000.00 as is/where is without doing any rehabbing, repairs, or modifications of any type. 

By carefully considering these factors, you can make informed decisions that will contribute to the long-term success and profitability of your rental property investment.Identifying a high-quality rental property necessitates a thorough and holistic approach that takes into consideration a wide range of factors.

Apartment Syndication is a somewhat complex REI strategy when compared to other strategies, as syndication comes with a lot more zeros, necessitates a strong team, and usually, you are dealing with Other Peoples' Money [OPM].So, I'd suggest that you and your partner coalesce with other syndicators who are actively doing deals by providing some kind of value to them. 

Not sure whether they made any modifications requested but if not, I feel bad for whoever bought it.