Our local REIA is hosting our next meetup on January 9th and we are bringing in legal experts to help investors better understand the implications of Good Cause Eviction.Here's the link to register for your seat:https://www.ffreia.com/Events.aspx?

Similar areas that have legal under utilized permitted space convert to max studios that you can fit.  

As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial intereststransferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to purchaser.If all or any part of the Property or any Interest in the Property is sold or transferred

If you care to learn about the distinctions, read these posts:https://www.biggerpockets.com/forums/517/topics/1215989-expl...https://www.biggerpockets.com/forums/51-tax-legal-issues-con...2.

Various legal setups can  mitigate a large part of this risk.  

I have legal background, billing, office and executive assistant type experience, and now many years of marketing experience as well.

But for large multi-family, that amount hardly covers your legal fees for one transaction, let alone down payment, due diligence costs, lender fees, other closing costs, etc.

Even so, they were able to help at times when I had technical questions about the legal process.

Since our legal billed were $36,000, we’re $100,000 ahead.  

Seek qualified legal guidance