I have a unique opportunity with a single family house set up for student housing. 

Not to get into too much detail, I had a transaction earlier this year where I represented the buy side, and that seller at the closing table had to write my buyer a check for $15k for not disclosing something that state law required them to. 

They had those professional massage tables, a bar at the entrance of the home where people usually have living room.

If qualifying assets are understated you've left money on the table so you're still overpaying taxes.

@William CastiglioneIf you pool both LLC's funds, no debt can be brought to the table.

My assumption is that we will have to petition for a change in zoning, but I wanted to see if anyone could offer some advice as to what potential hurdles may lie ahead for us in this somewhat unique situation.Thanks BP

We worked with two investor partners who brought 90k to the table each.

Hi everyone,I'm new to the forum, really excited to learn some unique investing concepts!

There just hasn't been a scenario like this on any of the podcast I've heard unique to NC or licensed agents.

It also would cut down on unrealistic expectations if the Turnkey Company would provide the investor with a Time Table Chart Itemized with activities, times and duties of how the process works and who to contact if there is a hiccup.