He assumed that having 5-6 grown adults living under one roof would have some substantial wear and tear on a home over the longevity of its loan.

. 🤪 A fun fact about yourselfOur llc name is "Go Team Rhodes, LLC" which is a reference to a show - Venture Brothers on adult swim. 

Is there some kind of mechanism so my adult son could transfer them into his name?

That being said, so can any other tenant, but section 8 (and I hate to sterotype), typically come from poverty and social/family circles are less educated, thus having more drama and do not posses the skill set to hanlde life situations as an adult.8) more management intensive Yes, that is why we do not operate in section 8 anymore as the resources used is simply not profitable when we can be utilizing our time to giving excellent customer service elsewhere.9) greater ware and tear on property (not a issue with a C class property) Yes.

LOL i think there's double misunderstanding here....I'm saying because of (my understanding of cap rate/appreciation) then my next generation would not need to pay mortgage at all because all my ex-primary in bay area has DSCR greater than 1.0 ; btw I donot know that it's possible to have lease from the adult working kid too LOL.yes passive active can only exceed passive income but you could always do infinite loop to not generate tax:purchase->rehab->rent_it_likeMF/househack->HELOC->buy another primary....basically I copy paste strategy of value_add MF GP but into your own primary.

It is much simpler to have one agreement for the entire unit, naming all adults (that you have approved), and let them deal with partial security deposit issues when (not IF) one or more individuals decide to move out.

Two of the applicants are mother and adult son, with a child that is a minor.

Having pre-sold such an expensive home is proof the high demand and low supply of “forever homes” Most homes in this area are for young working adults that make a good salary, but are too small to start a family in, so after a lot of research and pivoting I came to building 2 large homes instead of 4 smaller ones, for my research showed that people who love this area, want to stay there and build a family so 3 parking spots in the city, a grass backyard in the city, these things are hard to find, so I will build it and they will come.

guests=1&adults=1&s=67&unique_share_id=a60f24d5-a5d6-4ac1-8c43-6a0581b5d863Jan-500/nightFeb-500/nightMarch-900-1400/nightApril -1100-1600/nightMay- 1300-1700/nightJune- 1600-1990/nightJuly- 1690-1990/nightAug- 1200-1700/nightSept- 1100-1600/nightOct- 800-1200/nightNov-600-1100/nightDec-500-1200/night (Christmas/NYE is much higher.

I honestly don't know a lot about Residential Assisted Living, Foster Adult Care or what have you.