those courts are going up everywhere and cities are having issues with the noise they make. 

I want to stay focused on the issue at hand: when purchasing a $500k property is it normal and reasonable that the seller provide historical income and expense information?

Hi Jose - sharing a link to this article I published last year on BP on all about DSCR Loans https://www.biggerpockets.com/blog/multifamily-dscr-loansI also posted a piece on this (companion to a youtube video on our channel) this week on the Private Lending forum - https://www.biggerpockets.com/forums/49/topics/1184943-multi...Key is how many units you are looking at:In these forums - A common question among real estate investors that want to get into the multifamily investing space is how to get financing.

Zoning should not be too much of an issues, but uses may alter parking requirements. 

Just wondering what the implications are of changing a single member LLC to a multiple member LLC as far as current depreciation, basis, carry forward losses and any other issues. 

There's no benefit to anyone if they can’t rent the rooms, so your interests are their interests, and they're looking out for you - they actually recommended I back out of the first house I put an offer on due to foundation issues that they weren’t comfortable with.

There's a ton of information available on these forums if you're ever unsure about anything, take a look around, chances are another person has encountered the same issues and share their experiences on here.

If so, would this still cause issue with the S-Corp tax rules?

I-if it's "big expense", I get ahead of this issue by whipping out a receipt book (you can buy one at any store like Target, Wal-Mart, Staples, Office Depot, etc) and jot down the work that was performed, materials, hours, amount of people, other expenses, etc.

Congrats and 2 doors instead of 1.Great Job.please reach out about anything related to tenant issues or maintenance  issues.