Increased revenue and decreased parking demand allowed us to carry income-restricted units as well.We originally planned on spinning it out into a brand, but we never had the bandwidth to do so.Our largest hurdle has been education as most of our tenants are coming in to rent traditional units.Investors did not love it. 

You should have a ton of demand for co-living in that area, particularly if you're on a busline.If you plan to sell anytime in the near future - I'd advise against putting a tenant in there well under market on a long term lease.

is why they want a payment plan.. personally I would take them up on it. 

I already make a living out of real estate and I'm not planning on ever leaving this space, I'm here to stay. 

If you like help structuring this deal differently to give you more leverage, let me know, I've worked with new investors on game plans and seen others start with 90% LTV on their very first deal.

Then once it's acquired and/or fixed up you could shop around for long term financing if planning on holding the property rather than flipping it. 

I’m planning to cancel my membership and get refunded.

If you plan to build your own primwry you absolutely want it to be your primary first not investment land first.

You’ll sign a piece of paper at closing saying you plan to live there ], usually within 30-60 days.

The home burns and the incredibly over taxed CA FAIR plan has either gone bankrupt or takes years to pay out.2.