I have already started initial conversation with the lender on the loan.

Conversely, you should check if there are ways to bill your tenants that is easier than sub metering.

I'm really looking forward to conversing with many of you and seeking the guidance of pros on this site.

Conversely I've heard differing thoughts on commercial real estate.

My neighbor law enforcement official said there are something like 8,000 "grows" in the county, but most of them are small, garage -based ops. these are getting phased out - I live in a former grow house, am currently rehabbing another, and about half the houses I evaluate were used as grows.I've had many conversations with real estate experts and others,  and there isn't a universal opinion of how legalization would impact the local economy.

Here are a few recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below.

Here are a few recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below.

Is it a permitted and approved conversion to living space?  

I think the notion of being "under" their license has come up from general conversations of investor using some limited service Mortgage Servicers and talking to others about investing in the asset class.  

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Seeya around!