The regulatory issues aside, the contract as described purports to give the wholesaler the right but not the duty to purchase a house in exchange for $10.  

The regulator I was talking too is also investigating a broker that has been listing wholesalers deals on MLS..  

Will it be easier from a permitting/regulatory perspective to go ADU or DU?

Yeah body language is a dead giveaway, unless they're a sociopath lol.

If you can strike on your own knowing no body it does not matter where you work. 

I prefer to not inherit other people's problems.Even if I was to give you a building for free, you'd still have to shell out money for inspection, environmental, due diligence, regulatory, lender and other reports (i.e. major $$$). 

@Joel Feingold  do you understand selling fractionalized notes to California investors is a regulated investment needing certain regulatory disclosures and such... and in many states you would need to register as a security... if they are all Illinois residents then that's fine  fractionalized notes are not regulated there... they are illegal in Oregon for instance..

It is not unknown for the attorney to bring the offering to the attention of regulatory authorities at this point.

This development underscores an increasing regulatory scrutiny on IRA-related entities, a contrast to Solo 401(k)s which remain unaffected by this change.

However, the growth in student body should outpace supply, which is why for the long-term, we see the student population eventually providing a stable rental base as the city moves more toward a traditional college town investment.