I imagine in really high-end units you would not say anything and let them do their thing, but some of these gross 1500 or 2,000 a month.

Mostly material cost, I plan on doing most of the labor myself aside from having a few friends assist with pouring the concrete pad and foundation.

As for legal protection, You are still the owner so I’m seeing any real protection.....I can’t imagine a non arms length lease and even an  “indemnification” from the llc to you would ever stand up.

I would imagine if they were a good deal they would have been soaked up; there has to be something I'm missing.Thanks for giving this a read!

Check out this examplehttps://www.biggerpockets.com/forums/311/topics/56...Many investors can't imagine investing into this hot market without adding value (including me).For some investors, the opportunity cost (15-20+% returns) of idle cash is more risky than buying into a hot market...but we all have different opportunities and strategies.  

I imagine this is the case for most smaller towns across Canada.If monthly cashflow is the name of your game and you are able to maximize the potential ofcheap, neglected, and underutilized real estate, look to invest in rural areas and smaller towns.

Very funny till you imagine someone getting angrier and angrier writing the rent check.

I just can't quite imagine what kind of strangers want to live with 3 others, sharing 1 shower/kitchen/LR per 4 heads.. :-/ Not my style (or I would do it myself & save $100K), but it sounds like this seller has a few... shall we say..

@Sean Morrisey I saw an empty lot that was being used in the South Loop as a parking lot (30-45 cars I imagine).

We're certainly pouring time and resources into it.