It will minimize a chance that you would lose money on this deal and/or ruin your friendship.Here is an incomplete list of what you will need, and most of that requires an attorney's help:write a strong operational agreement for your LLC, covering numerous what-ifstransfer the ownership to the LLC, either with a deed or with one of the alternative methodsconvert the responsibility for the loan from him to jointarrange that your insurance will accommodate the ownership changeestablish operating procedures, including resolving decision deadlocksset up a solid bookkeeping systemI cannot tell how experienced you guys are with flipping, but a warning is due: over 95% of first-time flips lose money.

Again, you avoided the question, if the landlord "wants" to sell should the tenant accommodate as well?

Renting their living accommodations helps them to maintain this fluidity.

The PHA also can assign FMRs by neighborhood (outside of the pilot program I mentioned), provide exceptions for tenants to rent places above FMR if they require reasonable accommodations, and is required to not spend more than market rent for a unit, even if the unit is under the FMR cap (ie don't pay top dollar for war-zone units).

@Shital Thakkar - being from that area I can tell you that new construction is being lined up to accommodate for the merging of SA, SM, NB, and ATX.

I would determine this first, then approach your Tenant with the information, hence either their family needs to find other accommodations because it is violating your lease, code etc, or if no restrictions you may want to proceed with your idea, however, an 9 person household may very well use more than $200 worth of water.

I’m interested in buying student accommodation an obviously renting it out soon after... few questions however.1.

My question is who pays for this common area reasonable accommodations as per Massachusetts law?

My biggest concern is accommodating the reality of having to continue in my current job until I'm able to reach a certain level of competency that is tbd.

When the QI sets up the llc aka the exchange accommodating title holder it is an unrelated party to you so you can sell the investment and buy the condo.