They clearly were not novices to the process.

Dan makes a great point - you want to be clear of any areas that are working on limiting the ability to rent OR cap your rental potential.

From the fact sheet it's not clear to me if I would be able to evict both tenants or just one of them because it says you can take possession of only one dwelling unit and I am not sure if each of the studio rooms counts as a separate dwelling unit?

Quote from @Anthony Dupre: @Chris Seveney @Stuart UdisThank you so much for the clarity and clear explanation—it makes perfect sense.I’d appreciate your help in understanding business structures now.

This way I get paid upfront for my work 1-2k plus I know I have another payday at some point in the future if the deal closes.The costs to fully develop a property and sell for near retail usually involves the costs below and takes 2-6 months or more in some cases, but the profits can be huge if you're working in markets where land costs are high:Title 200-400Legal 500-2000 depending on zoning issuesIf wetlands are present AND its a buffer zone project: 2000-5000Perc & septic design if needed 1500-3000Treescaping & cleanup for retail sale 500-1500Selling costs of 6%I tend to stay clear of properties that need more than the above expense items.  

But I'm having trouble finding any properties that I could rent, BRRRR, or flip where I would even break even—let alone clear a profit or cash flow.My question is: When you hear that I'm essentially doing 100% financing, does that make it clear to anyone what strategy would be best?

With your experience and a clear goal to build wealth and transition into multifamily commercial properties, you're on the right path.

But to be clear this doesn't absolve anyone of guilt.

I had to step in and hire handymen to finish the job, plus go out and buy the things she failed to purchase, even though we had clearly outlined everything in advance.

Or maybe it was just some tax identification number, I don't remember clearly.