We could use someone to help us navigate occupancy laws (# of unrelated adults per dwelling, safety standards), as well as someone who can help us establish a solid business model. 

I lived in Point Loma and Imperial Beach for most of my young adult life back in the 70's and 80's. 

It is not uncommon, particularly in university towns, to find occupancy limits on the number of un-related adults per dwelling unit.  

(Other houses for sale or rent in the area)I believe most adults take showers but families with kids will generally want a tub.

Exceptions happen and can be discussed among reasonable adults, but the relationship needs a foundation within the rules, not within the exceptions.

If they don't then if you decided to file a suit they would be listed on it as well which is something most honest, hard working adults don't want.

is rather to sell it to us, and we provide each of them (4 Adults total) a monthly payment, almost like an annuity.

My adult daughters rent our home...the one they grew up in.

The City of Virginia Beach regulates adults but not children.

I don't feel like it is enough time to prepare, even tho I have been saving for this most of my adult life, 5 years.So my options I see are;1) Live at another rental for 6 more months, at higher rent, around $160 p/w each ($320 p/w total) - this would give me more time to research areas and find a better deal.2) Rush into buying a property and hoping it works out. :)The numbers look like this;Purchase price - $300,000 - $350,000 - the maximum I want to spendSavings - $50,000Excess income - $400 p/w (effectively $500 p/w as current rent can be used)Rent income - $150 p/w (my partner will effectively be paying rent to me)Other possible rental income - $110 p/w (renting out a 2nd room)Mortgage details;Loan amount - $300,000Loan period - 30 yearsInterest rate - 5.48% p.aRepayments - $391.95 p/wSo I believe I can afford it, just want to know if 3 months to buy is cutting it to short, or would renting for another 6 months after be better in the long run?