The only known situations where I was ever required to pay a loan fee upfront before funding is with my commercial lenders (banks, credit unions, etc.) on our 5+ units.

yes let get their permission to share. they built 5 senior living facilities of 60 units each

His unit is perfect.

The GC said it's a good candidate for an ADU and that she can put a 3 bedroom, 1 bath unit in there for $120k the has flood control, dedicated utilities, etc.

If your rental building is over 4 units you will need a Commercial umbrella.   

Investment Info:Small multi-family (2-4 units) buy & hold investment.

It's similar to rent-by-the room although technically each unit would come with their own privacy.

I am hoping someone has experience or insight into converting a two unit condo building to a legal duplex.

In the United States, the Internal Revenue Service (IRS) provides a tax exclusion for capital gains on the sale of a primary residence under certain conditions.

You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.