If you sign individually and refer to a partner in writing, the closing agent may then need the partner's signature since there appears to be someone else floating around out there that has an interest in the contract and property.

People still have jobs in recessions ansld they still need to live somewhere....And you as a savvy investor have cash/credit reserves to float you through vacancies and or repairs...Real estate is so locally you really need to understand and be able to serive your market.

Professional companies have enough cash flow to pay their employees without you having to float them.Definitely pay them in draws and get lien releases.

Just like other guru's  lead with make 40k a month flipping  or make 10k a deal just sending me deals I will buy or you get the drift.. its all quite well scripted to hit hot buttons and motive to take action.. action being signing up with them.Just like the 40k a month flipping.. can U make 40k on a flip  heck ya we do it all the time.. 

I guess that's more like 3 steps but you can catch my drift. 

I disagree about there are fewer buyers - with all the covid-19 stimulus and low interest rates, there is A LOT of capital floating around and everyone is trying to find places to deploy it.A first step is to look into financing options for 5+ units - they depend on the rental income generated by the building.

If you sell later and its SF that was not permitted, you may have problems selling and with the county tax assessor and the city.Also, if you convert the garage, you can add a metal or wood carport in front of the garage for parking if that's important to you.Another suggestion, float in concrete so you don't step down into the garage.

Instead of floating some random number in my model for work that I have no experience in yet. 

However, I did not do enough due diligence for myself understanding they only had 2 year rate caps and floating rate debt.

I just got a 3yr ARM, 5.25% for 3 years, then floats at 1yr CMT+3.25%, 30year term/amort, lifetime rate maximum of 11.25%, fees around $1k).