They also discussed a capital call but instead decided to borrow more money to pay the bills.

Expect to keep paying.

If so, they can sell within 2 years and not pay capital gains taxes on the sell of the home.They could take that money and buy multiple rental homes in other areas if they wanted, or use the money to downsize in to a different home while still having money left over.

You live in one room, rent out the others, and pay your expenses with the income.

In North Carolina, any contract is a sign unless it expressly states that it's not for whatever reason.also, don't be afraid to pay the $300 for an attorney to sit down with you and answer your questions about what you're trying to do.

It does appear that we need more information about actual ability to pay the rent but in reading between the lines it appears that there will be two more adults living in the property, so we have more information to gather.

So the turnkey company has made 50k on their flip without needing to pay realtor fees of 6%.

If someone is unable to satisfy these preliminary requirements, they have no business paying for the services and good luck getting the service providers online to provide this information to you. 

Think about your market and what people are willing to pay a premium for.

Electric heat can be very expensive in the winter so I would always encourage landlords to have tenants pay utilities so they have some incentive to conserve.