I'd rather rely on someone who has done 100's of installs and can do it blindfolded in his sleep with his hands tied behind his back than someone who has to 'remind himself' the particulars every time.

@Mark KelleyMark, the two responses are on the money, but I grew up in "MUGGY" Oklahoma City and thus even though the climate here is much more favorable I simply have to have AC to sleep.

My empathy got ahead of what my gut told me I should do.Take the tenant who best fits your needs as well will the one who will let you sleep well each night.Simple, but true.

The first thing I think of is that as a parent I would not want my children to sleep on a different floor than me or at least I would prefer to be below and not above them.

Since it "will turn out to be a great deal, even with a complete rehab", the small amount of money spent on Title Opinion will give you  peace of mind and you can sleep better ;-)

But if your really worried aobut it go with the higher rate non recourse.. and sleep well.

Well about two days ago I couldn't sleep, and started looking up real estate facts which lead me here to Bigger Pockets. 

Front and rear doors, 7 foot ceiling height, seperate electric meter, egress from sleeping area, and I think there is a sq footage requirement in that zoning.

It matters, yes, when you are pulling comparables in the neighborhood but if you plan to sell in 5-10 years than why lose sleep at night?

But to be honest, there never was going to be a deal because what's the chance they were going to accept that same offer initially.Run your numbers, but lose sleep over them.