I am just a person on an internet message board, but have known enough attorneys and seen second and third hand enough lawsuits to know you are getting dragged in no matter what.Just a few things to think about before you start spending money to transfer, just to learn that it will cost you a lot more to have things like commercial insurance, commercial mortgage, business utility account (not more expensive, but typically require a large deposit to remain on account), etc.

I have gotten two variances in my lifetime to split lots and I made a lot of money doing it.

They are licensed brokers who make their money on the commission, I assume.

By reading this platform, I'm sure I just saved myself buyer's remorse and not paying 30k for real success multifamily real estate mentorship. 

The representative said the tenant would be re-evaluated after 6 months to see if they still qualified for the assistance and they couldn't guarantee a year long lease.At least with Section 8 its guaranteed money.

Everyone finds the rooms too small or something that does not fit their family,etc.I am at the point of breaking even but in a month I will be losing money because of the Hard Money lender payments.

The loan was at 4% so the cash flow was solid, the only issue is we have more money stuck in it than we would like.

So usually no complaints from a bank on that aspect unless maybe you're at a small Savings and Loan or Credit Union.   2.

I can put some money down, but I want to stay under $50k at absolute most and prefer to put down as little as possible.

Waste of money I think.