You are looking to rent or buy a space with a partner to have a personal fitness business or just a class?

As a matter of fact, I had a discussion with a flipper a few weeks ago that brought this new reg to my attention, he was considering getting out of the business realizing that now he would have to comply, and that it would substantially hurt his bottom line.For me, as a conservative leader, I see it as a positive.

I'm just a guy finally posting on BP after years of reading while I built my business but I just wanted to offer your a different angle to look at the problem and say, "how much would it be to buy the shell house and roof it?"

They were referred to me by a friend of mine who owns the a large local business.

Does this strategy effectively contain potential damages (e.g., from lawsuits) within the specific LLC?

Or, find a business partner who has money, but not time. 

All available loopholes, which allowed deregulation of units were, unfortunately, closed by our elected officials, except the substantial rehab strategy, which requires 80% vacancy throughout the building and 75% replacement of all building-wide systems, you are essentially forced to renovate the complete building and still at the mercy of DHCR.. which has the final saying

@Seo Hui Han you're not going to get very far in this business if you don't start thinking through the nuts & bolts of how this all works! 

I'm not opposed to this strategy however, after looking into NC section 8 state rules/regulations, I have some hesitations.

There are some institutions that allow you to use both W2s and Bank Statements to qualify if you hold a side business of some sort.