Im actually just finishing up on an ADU down the road at a different property so that may be a good indication if I can finish it quick enough to see resultsI also was thinking of making the barn a combination of both and make it like a bar themed loft for a guys / bachelor trip and build the simulator in with the living room as it can double as a projector type screen for netflix ect. 

I’m curious your thoughts on this aspect of multi family, at least in my market & I think this is relatively true thoughout the country, most small multi family tends to be in the city and for the most part in frankly not greats areas of the city (could do a whole nother post on this history of zoning) as cities decline & specifically c & d class areas seem to being hit extremely hard, I wonder if small multi falls into this strange gap where it’s not really profitable for investors but is increasingly unappealing for owner occupants, house hacking types?

The condition of the property, if the property is coastal, fire protection for the town, what type of renovations are being done often will determine the Market we use. 

In Philadelphia you customarily need a certification statement to be provided to the buyer and it appears the broker in this case is likely referring to form while redirecting the responsibility onto the buyer to obtain the document. 

I have been told that banks don't look into condo documents when opening HELOCs and won't know or care about the obstacles to conventional financing.

I should have added that we know returns can be better in other types of investments but we have really enjoyed the personal usage benefits and the ability to share the properties with friends and family ..

The bankruptcy court has a waiver to sign when you do not have the funds to proceed with the bankruptcy filings and other documents.

More generally, the splits and structure should be determined by the GP's role,  contribution and what type of value is being brought to the deal and/or was created prior to the inception of the partnership/syndication.

That being said each city has different approaches to this type of thing - so, yes, we are aware of cities that are not as friendly to roommate housing and avoid them for that reason.

Inspect your property regularly, or have it inspected professionally, and document these with checklists and signature stamps.2.