If I buy these lots—7,500 square feet with a 50’ width—how comfortable can I be that the person who buys them from me will be allowed to build a house on them?

If you refinance keep in mind you can get up to 80% LTV even as an investment rental. 

Given these factors, should I consider renting to this person? 

Start by trying to keep it civil.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

I am looking at acquiring two bed and breakfasts whose prior owners did not keep good records or shut down because of Covid. 2M and 3M sale prices.

I currently build about 80 units per year with the intention of keeping as many as possible.

Is it recommended to have a separate checking account for this or we can get it transferred to our personal checking account?  

This year I signed up for sessions there like underwriting multifamily and cashflowing multi family in high rate environments and I'm excited to hear what they have to say, plus it's in person so lots of good networking to learn from others.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!