great info, I am thinking of buying a single family and renting out the rooms separately while I live there, even if it means I have to live in an unfinished basement to make it work. the only reason I am looking at single family is because I cant find multi family in my city for a reasonable price. thanks for your input.Conor McLeod 

Option C, figure out if a roommate situation can work where you'll rent the rooms separately to two individuals to squeeze out some profit or even break even. 

The rental market is $1700/month.What are the formulas for this area that will maximize our cash flow and cover our exposure points (eviction vs foreclosure, repairs etc).We have a rock solid lease but the option (which will be a separate contract) is another story, we would need a good template.Can any locals help with these questions?

., ...Death, disability, divorce or separation, job relocation, financial problems ----> "pre or post" bankruptcy, legal problems ----> civil suits, criminal actions, ...and more!)

That is something you can always have done separately during you inspection.

Loan him the money separately to pay the bank and use a promissory note for that.

Chris,My pleasure to help1TIC (Tenancy In Common) is a type of business structure where the investment is co-owned by a several partners as if each owns a separate piece of investment that can be bought or sold on its own.

Once that’s done can I transfer ownership of Property C LLC to Blue Capital LLC so that way Blue Capital owns 100% and manager manages Property C LLC.I believe this structure will keep all assets separate and organised and maximise asset protection while minimising liabilities.Any comments or opinions please state below.

I am under contract for a 4 unit property with a lot of poorly allocated space from additions over the last century.Utilities are separated per unit already.One first floor unit has enough space for to be a 3bed/2bath or convert to 2 - 1 bedroom units4 unit ARV is $240k, $2800 gross rents5 unit would be $3400 gross rentsWhat other issues other than being forced to use commercial financing should I consider before making the conversion?

As in if I own 50% and you own 50%, do we each get a separate loan on 'our portion'?