We went to visit a spectacular log cabin in Clyde, NC: mountain views, hot tub, 3 porches, glorious vaulted bedroom ceilings, and best of all: potentially FANTASTIC cash flow. 

There is no way to tell, but this escrow thing puts a third party in control of deciding if the work is completed 100%, if it's good enough, etc...

Since there is no custodial requirement for the 401k, you don't need the additional expense and administration of an LLC to obtain checkbook control.

Cash flow is fantastic, and with the recent sale of our home - we now own this free and clear.

I've spoken with a few dealers and the people in this field seem fantastic as a general rule.

It's challenging not having complete control, and not being able to ensure deadlines are met.

Original borrower must control or own a majority interest in the LLC.3.

The fourplex only exists because the zoning has been grandfathered in, on paper it is R2.This is my understanding of how SB 330 would affect my project:If I raze the building, I can't build anything less than four units ("An affected city or an affected county shall not approve a housing development project that will require the demolition of occupied or vacant protected units, unless all of the following apply: (A) (i) The project will replace all existing or demolished protected units.)Additionally, because the units exist under rent control (market rate), the rents of the new buildings in the future must also be rent controlled.

What type of structure or controls do you put in place?

Hi @Bryan Berrios, you have some good feedback here already, but my additional advice is to look into the eviction/tenant/rent control laws in the city, county, and state prior to your purchase.