You are in a great place to learn based on the successes and failures that many have had.  

The previous owner who was planning to make a pet hospital had some of the drawings and plan done on this old building.The previous owner also had no plans for addition or extension of the existing building since it requires zoning of a plot which is more time consuming process based on the feedback I received from county and a couple of civil engineering firms that I reached out to.I was provided the following list for civil engineering work.Pre-construction phase1.

Investors only receive a share of the income you actually generate, you will not owe a fixed repayment block.Difference here is that this model is for owners who either don’t want to take on more debt, can’t qualify for the financing they need, or have little time.At best, this is word games. 

I have been BRRRR-ing in Milwaukee since 2009 and while it got progressively harder to find deals the game really changed after 2020.

Should he be exposed to all liabilities that comes with it such as lawsuit, history of insurance claims(I believe insurance have a data base of past claims that can affect future coverage), credit and what not at an early age? 

I suggest running an analysis and just sharing it here on BP.I am also happy to hop on a call and point you in the right direction based on some of my experiences- no matter what, keep at it...this stuff takes time.If you get a deal here in Chicago and need to partner up, I am your guy!

I love that you’re already narrowing down specific zip codes and doing your due diligence.I’ve heard good things about 73170 and 73135, especially with the proximity to Tinker Air Force Base, which tends to attract stable tenants.

Each grouping had a common room (perhaps it was shared by multiple groupings ... this was a detail I missed) with a nurses/aid workers office.Central to the two sides of the complex were common facilities such as a dining hall, gym {perhaps a pool ... another detail I missed}, theatre &  games room.With one of the fastest growing groups in our society being single people, we are examining a related idea of a  complex / building providing a modest-sized 1-bdroom "apartment" with more semi-private and common amenities.When I read the title to your thread, I thought it was a project proposing to mix students and seniors into a single complex ... and came in thinking, this ought to be interesting :-) 

We only have one small property, so I manually adjust the price based on what I see for the month. 

A couple tips--Always best to house hack small multis when you are moving around from base to base.