I want to make sure that both of us feel like the deal is fair and equitable for the risks and rewards involved.Any guidance on how to approach these key questions would be greatly appreciated!

What should I keep in mind to ensure I'm approaching it the right way?

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

It's best to approach 2-3 lenders to compare their rates, terms, and loan programs.

I've seen things like this brought right to the district attys office with the same result.

I’ve built relationships with brokers who specialize in Harlem, and one of them brought this off-market deal to my attention.

Q1: Great points, we'll need to have a detailed operating agreement that outlines an agreed approach to all potential outcomes.

Hey all, first time landlord with ~3 months experience here.I brought a tenant in 3 months ago with an insurance company paying the rent (tenant's house is being repaired after a fire).

I am currently working on phase 2; building 2 ADUs.The permits are already in the works but the biggest question is what is the best approach when funding these 2 ADUs BEFORE I have the equity from my home?

I’m especially interested in the "why" behind your approach.