I thought they were just going to split the standard commission.

Now once I have that side fixed to my standards—depending on where I’m at in my college career— If I am still in college I would move back in with my parents, or if I have graduated college I would go and acquire another property, a duplex or even maybe a 4-unit, that I would live in and rent out other units once again.

I know your time is valuable being an accountant on April 15th :) I know you are not my accountant , i was kind of curious if there was a standard or done differently based on deal structure. 

If you use one of the more standard ADU plans then the biggest permit issue will be the DPP delay while they work through their backlog. 

Sure, prices may dip, but only a fool tries to time the market and if anything, lending standards are getting tigher.

With all that's going on in society right now, be extra careful to screen screen screen your rental applicants, and do so beyond the standard credit/background checks, especially since here in Chicago eviction courts are shutdown.

In the past, various firms have a 3 month minimum policy but when signing this contract, it seemed like a standard will represent the buyer as long as he requires. 3. 

If renters want to sleep in the closet or on top of the kitchen counter, that's really none of your business.Edit: you can also reduce the likelihood of this happening by implementing occupancy standards.

If he would meet your standard application requirements, then welcome in your first new tenant.If he doesn't meet your standard application requirements, apologize and tell him you aren't keen on the lease-back option.OR, offer him a month-to-month/3-month/6-month lease until he can find another place to live. 

Unforeseeable EventsYou meet the standard requirements if any of the following events occurred during the time you owned and lived in the home you sold.Your home was destroyed or condemned.Your home suffered a casualty loss because of a natural or man-made disaster or an act of terrorism.