Finding individual tenants to fill each bedroom seems like a lot of work- May have partiesWhat do you think?

@Tyler ScottIt would seem that if someone acts as a wholesaler individually, he will probably fall under the radar of the state real estate commission.

I recommend setting up keyword alerts for each area as they are discussed in the forums daily with advertisements posted in the BiggerPockets marketplace hourly.One thing to note when looking at the individual markets, you can make or lose money in any market.

This individual is wisely giving himself enough runway to ensure he has the time to complete his project and pay you off according to the terms of your note.

The SEC defines an accredited investor (who is a person) as someone with an annual income from the past 2 years at $200,000 individually or $300,000 if they are investing with a spouse. 

I recommend setting up keyword alerts for each area as they are discussed in the forums daily with advertisements posted in the BiggerPockets marketplace hourly.One thing to note when looking at the individual markets, you can make or lose money in any market.

Then never touch that mortgage again.Once in a blue moon I'll see a 30YF down in the mid/low 2s, vintage 2012 or early 2013.

Is it metered individually already? 

Once you become the GC, you now need to enter into contracts with subs individually. 

That being said, it definitely makes sense for an individual, single family or multi generational/extended family.