Another thing to add is the regulations, HOAs and Cities are imposing a lot of regulation on short-term rentals or rent by a room, I have seen some HOAs regulate the amount of people authorized to rent the property too.It requires to do a lot of due dilligence to begin with mainly in such big house. 

Freddie also requires that the borrower loan guarantors demonstrate prior multifamily experience.

This requires careful structuring and compliance with IRS rules.Installment Sales or Buyouts – Instead of distributing properties outright, investors can sell or buy out their respective shares over time, spreading out tax liability and reducing immediate capital gains impact.LLC Restructuring (State-Specific) – Converting the corporation into an LLC taxed as a partnership may allow for a more tax-efficient asset distribution.

Is there a minimum balance required to avoid fees?

Incredible lessons learned on how detailed the city of Bellaire requirements are, working in the floodplain, balancing multiple projects and scaling the business.

Can they get pre-approved for a conventional loan and then switch to FHA once the 91-day requirement is met?

Adequate capital requirements and clear guardrails should be implemented to mitigate risk.

These are all solutions that don't require expensive treatment, therefore they are useless to adding to the profit of the hospitals. 

Then find out from a realtor broker or attorney what the disclosure requirements are.

Franklinton we've proposed 4 developments in the last year (a triplex, a 62 unit apartment complex, a hotel, and an automated parking structure) and they all required small variances and Franklinton has voted them down all of them. gravity 2 also just sold at auction because there was no interest in office. only 1 new build in Franklinton in all of the last year.