Just wondering if anyone has done this and what safeguards (contract, insurance additional coverage etc), if any, they felt were necessary, and if they've had any unexpected issues.  

Completely different metrics/analysis as opposed to a traditional rental property because you get an additional, massive benefit: shelter. 

This one sale will enable us to buy 5 additional cash flowing houses, and expanding our cash flow.  

As I've progressed in my career over the past 20 years, I've realized the importance of asking insightful questions to get the best answers tailored to my needs.There isn't a single clear path to achieving your objectives; instead, you'll have various options to consider.

He said he'd want half of that 65% split in addition to the 35% since he's got the buyer.

Additionally, It is noteworthy that the seller was a member of the HOA board at the time of obtaining this permit, raising questions about the legitimacy of the process.Though I am not currently residing in the apartment, I took the initiative to rectify the flooring issue in cooperation with the HOA, given the significant disturbance experienced by the current residents due to the subpar quality of the previous labor.Furthermore, short after I bought the unit, I discovered an assessment imposed on the condominium, which I was not informed about prior to purchasing the unit.

This is why I wanted to re-ignite the discussion and get some additional opinions. 

This would depend on the appraiser giving value (as you're accustomed to), and additionally, a comparative rent schedule using short term rental comps in the area. 

Being new to the REI world, I'm eager to connect with fellow investors, real estate agents, and anyone with insights into the NC market.Whether it's grabbing a coffee, enjoying a drink, or visiting potential properties, I'm open to various ways to connect and learn from each other.

Appreciate the article and insight!