But the next sentence implies that they can only terminate after February 28, 2024?

So a 70-90k closing price could imply looking at homes listed in the range of 80-100k or so.Obviously not an expert on the topic as this would be my first property, but I have a few colleagues who've closed on homes in 70-90k range and are cash flow positive.

This does not imply that the ADU does not need to meet building code standards, other than the setback, for such a conversion.

I am not implying that they do not deserve the compensation. 

Hope it was only an unarmed trainer.

Equities, Bonds (via implied interest-rate), Art, Fine-Wines, and especially Real-Estate.

This implies you need to be available at all times.  

@RussellBrazil, are you implying that the underwriter will treat the rule as strict with no exceptions?

As you imply 5% could be years from happening.  

If the different properties would have different financial/equity partners"  This statement implies your friend should be hiring an SEC attorney to get this deal done.