The rule is in place to protect the neighborhoods that had too many rental homes, with property owners who did not care to keep them up well, and where tenants would park in the yard, have late night parties, and do all the things students do in college.  

There can be no direct or indirect benefit between a plan and a disqualified party, and route one is just using the business partner to benefit yourself.  

Closed on my third flip Monday and this one feels different.

The main problem with this system is the fax machine part is awful.

Hi Jeff Beard, thanks for the reply.Whilst this is true, the lease has a 3 month notice period for termination by either party.

Hopefully if I just show up I'm not crashing your party.   

I am not opposed to JVs so much as you just have to make sure the agreement is outlined well through a third party (lawyer hopefully.)

Read the third question's answer carefully.

I am closing on the third one tomorrow, my first 4 plex. 

The template looks something like:  The critical part is <current owner> is typically the same  as <some owner>.