If you are in Gatlinburg city limits, crossing that 12 people mark means extra regulations (sprinkler system for example) and a change in zoning to an R1 or R3.

Most of the rent to own, or lease options I have seen cross my desk, violate Ohio law. 

Cross check references and documents.

If the second unit does not have its own electric meter it should still work (worked for us,  we bought a home with attached apartment with our daughter who was a college student) also if the appraiser classifies the second unit as an accessory apartment or mother in law unit or casita instead of calling it a "duplex"   We're taking a gamble on a property right now where the underwriter said he believes the appraiser will be classify it as a single family with accessory unit (fingers crossed) this property is two separate homes with separate meters, so there's a chance appraiser will say the dreaded "duplex" and we wont qualify. 

Ignorance could get expensive I just want to cross and dot my T's & I's as much as possible.

I've thought about beach front property and Condos...What's crossed MY mind, it will sit empty most of the time. might be vandalized.my understanding, is the government can take your property if the beach starts to wash up to a certain distance.salt'water' destroys things quickly.I suggest you talk to your potential neighbors extensively, look for a forum to ask as well, look on the city government website, maybe even local insurance agentsGood luck, send  a pic!

(Cross-postingHi everyone,This is a relatively niche question, but i am hopefully someone on BP will be able to point me in the right direction.I am getting ready to put an offer in on a mid-sized apartment building in ABQ.

David, nice meeting another dfw resident hope we cross paths one day.   

100% and 100% is HIGHLY unlikely (outside of investors who have built a strong relationship with a balance sheet lender or if the loan is cross-collateralized). 4% is a scam - plain as day. 

Additional protections can be additional collateral, personal guarantee by borrower (assuming they have assets to back that), or cross collateral of another investment.The experience level and track record of the borrower is the primary factor and the loan to value is the second factor.