For instance I've been offered $2000 for a 600 SF space I had listed for $1500, with complete $60k build out done by tenant and up front rent paid for first 3 months.I am worried about the viability of the business, regulations of the industry, insurance/lending/refinancing and a lot of other unknowns.I'm wary of doing it at this price and I'm thinking of asking for more rent... then maybe my worries will go away.

I am more involved in crowdfunding opportunities at the moment and from my experience the sectors are very differently structured and regulated.

The 2-4 units are under Conventional Loans and with that, the regulation is "no part of the down payment can be from borrowed funds".

You do not owe applicants anything unless your state regulations indicate otherwise.

Taxes, accounting, business licensing, and other regulations will be a bigger issue then if you are an LLC or sole proprietor.An LLC is a good idea to have, but it is not a deal breaker to get started.

So for future appreciation, things need to be up to code and meet all local regulations. 

Does anyone have a good clause in their tenant rules & regulations for handling these problems that they can share?

Types of Mortgage Lenders (more flexible compensation regulations)- Mortgage Banker(Non-Delegated a.k.a.

Defined as below:In the United States, to be considered an accredited investor, one must have a net worth of at least one million US dollars, excluding the value of one's primary residence, or have income at least $200,000 each year for the last two years (or $300,000 combined income if married) and have the expectation to make the same amount this year.[9]The term "accredited investor" is defined in Rule 501 of Regulation D of the U.S.

Get a license is easy and very necessary to know the basics of rules, laws, and regulations.