Now we are mostly scaling our business with larger communities but I've used many different creative finance strategies including seller finance, private lending, hard-money, collateral from other properties, and lease-options. 

Fishtown and Point Breeze are strong options but can be pricey.

I have a few options I can send you.

Has anybody found a workaround for this or would the seller simply have to hold the note long-term without the option of selling it?

Durham on the other hand is a great opportunity for investors seeking more short-term growth, more options, and higher likelihood of cashflow. 

Seller was not willing to extend contract or accept creative financing options.

Additionally, regarding the legal structure, an LLC seems to be the most suitable option for our situation.

I have been able to find a couple of options for this setup though, they just require separate leases for each room and sometimes 2-3 months of rental receipts as well. 

I’m not sure a bank would be your best option but it can’t hurt to try.

Some, like ours, focus on offering optional services such as renters insurance or washer/dryer rentals without requiring tenants to opt into a full package.When choosing a property manager, I recommend asking about the structure and purpose of any fees.