Along with this activity, an operating agreement should be signed, a board of directors/ advisors should be formed, and board meeting should be held along with minute meeting notes being taken.

Both lead to that buyer overpaying and taking an opportunity off the board for the investors who have their underwriting completed accurately.I believe its somewhat market dependent but it has become increasingly difficult to make construction oriented deals work in the price points you mentioned.

If this is in the wrong board, please let me know! 

You can drive by and see if there is a info map/board with them available, and lastly you can go to the AHJ and lookup their addressing approval.

There is unfortunately a lot of issues going on in the DSCR Secondary Markets with regards to PadSplits right now - Wall Street is insistent on considering them SRO/Boarding Houses and are pulling back making financing these (if theres any sort of alteration at all) very challenging at the moment Thank you for that information!

So back to the drawing board....and yes, the financial piece has to make sense... 

I have to read the handbook on landlord-tenant laws before I do anything and just to be safe call the Rent Board, like my recent rent increase with lease renewal. 

Another property continually has squatters even with boards up and bars in front of the windows and doors.

Blue County = High taxes, pretty simple :)at $300 a month in taxes that’s a cash flow killer, you will need to go to the board next year and request an adjustment if possible, you may get granted but you will need to have a good report presented to the board with comps that are very similar to yours, but again it will be difficult because your property uncapped and it will never go back. 

Definitely check in with your lawyer to make sure everything’s above board, but these steps should help you handle the situation while keeping the tenant relationship intact.Hope this helps!