(as if they do not get what they need and run out of money then chances of winning a suit are nil)3.

The disadvantage is that compliance is difficult, much more expensive than Reg D, and the chances of being sued much greater, while raising capital more difficult.  

But…There’s ZERO chance I would rent by the room for $600/months more.

Chances are, they will avoid you because they are not planning to report this income.

Typically the latter is the one I would rather invest with, as they are first acknowledge that they failed, and therefore have a chance to learn from it.

It wasn’t how I wanted to kick things off, but I worked with a contractor to get the bathroom fixed and functional.Once that was behind me, I focused on improving the building and maximizing income:I installed a shared washer and dryer for the tenants, a major upgrade that added convenience and increased the property’s value.I rented out the two garage parking spaces, bringing in consistent revenue.I also raised rents for the second- and third-floor tenants I inherited to be just below market-rate.

And you need to keep detailed records of all repairs and improvements.

The construction seems slow and could last up to a year.Here are my questions:1.How can I cover or conceal the metal screens to improve the appearance?

Think on that, a person has an 80%+ chance of there "pick" not just loosing, but possibly going to $0..... 

If I put myself in the shoes of the outside partner/investor friend, I would be very concerned because: 1) unclear and/or potentially conflicting business plan, 2) even with clarity in the BRRRR business plan, unclear in the viability of pulling it off with these market conditions, 3) the chances of dispute seems very high, especially if you're going to live in. 4 years ago, I went through a  similar thought process when purchasing an investing property with mainly my family money, while considering an outside investor to rehab for higher STR ROI...