My goal is to leverage my hospitality background to create unique and profitable real estate opportunities.I’m here to learn from the collective wisdom of the BP community and share my experiences as I navigate this new journey.With gratitude and excitement,

However, you are technically at fault with your loan agreement. 

It's technically not an ADU if it's the only property on land as it's an accessory dwelling unit to a main unit.

Did the lawsuit show up on a personal background report?

Your property management background will give you a head start.

Little background on him, he’s 20 yrs old, and doesn’t have much family to support him with this decision.

From what I understand, this isn't technically an income tax but a "community charge" based on income.

I chatted with a lender about the DSCR loans and he said that Padsplit (room shares) would not technically qualify for DSCR although if it’s vacant at the time of closing, it should be fine.

@Ben Azubuike it's technically too late to add anything else if you've already signed a purchase contract.You can try to negotiate with the seller for review of:LeaseRent LedgerTenant approval criteriaAt closing you also want acceptable copies of tenant's: DL, SSN, paystub, bank statement, phone & email.

I think the technical term is distribution.