Unlike much of what comes out of California these days, that proposed law actually sounds pretty reasonable to me. 

There are at least 10 with lots sizes 20 X 60 some of these sold for 1.3 mil and have 1000 sqft than I am proposing, bigger lots 25x90 sold for 1.9 millionmy lot is 40X60 Wide home (not narrow) in the best part of Philly.

I would get in touch with them as soon as possible to propose a yearly lease.

So he proposed an idea I've not heard before which was raising capital from investors and having your investors be treated as 2nd position lenders.

I am attempting to refi under a DSCR loan proposed interest is 8.375%.

I propose a duplex because it is more in line with the other units.  

It's tough enough for two partners to get along and the roles and contribution structure looks like it could cause resentment or problems within the proposed partnership.

Check with the planning department to confirm the zoning for the property would allow for your proposed use. 2.

I personally believe I set the rent at a pretty reasonable price and not sure if the rents he’s proposing will work but that’s for him to decide.

What you are proposing makes perfect sense thus it's too complicated for the government and could interfere with your next rent payment.