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.

I am assuming you overpaid for this in the dreaded 2007.. credit to you for riding it till now..your equity being between 25-30% in 13 years is brutal but you survived with the cash flow.. 

Upstairs now vacant and dreading complaints from downstairs because of noise carryover.

Is it metered individually already? 

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