Are you doing the interior TI build out or are you just building the shells and the future tenants will be responsible for building out their units as needed? 

I think you can definitely run into a potential guest using that against you in the near future and opening the door for liability. 

Let them know you’d still love to work together on future deals if the terms align better.

Those records not only helped with tax filing but also guided future projects by showing what provided the best ROI.

And even it's SF when you purchase it, again because it's not 100% MF including the county/city classification, you can use rental income from both units to help you qualify for future investments.Option #3 is something to use only when you're not willing or able to move into the property.

And agree that any prediction is speculative because obviously know one can predict the future.

Some folks want a seat at the table and real control, while others prefer to be passive.. letting the sponsor do the heavy lifting.From what I read in The Economist, some markets (like Phoenix) are experiencing fresh pockets of growth in multifamily, so it’s definitely worth exploring if you’re eyeing future expansion.

I think it will prove to be especially important as I evaluate possible properties in the future.

Corporations and large property managers are the future, and the hoops you need to jump thru are necessary because of too much legislation.

Although this is what you want from a lender, being skeptical can save you many future headaches