When you start offering a preferred rate of return with a profit split, you could easily find that the regulators will claim you are offering securities so need to be registered or show that you are operating under a specific exemption. 3.

If anyone can suggest an architect that has experience in these conversion due to all the building codes and state regulation would be greatly appreciated?

This seems to be a never ending series of onerous regulations spearheaded by Chloe Eudely that aren’t going to end until landlords organize with enough legal force to make our will known.

You will also need to know how to specify what a trade must do in writing to avoid under-work and over-regulating them.Tradesmen can be rough talking and rough personalities at times, and you also need to be able to stand up that and push through and get the job done.This is something you can probably do, and you may be able to learn the basic outline of it online from various sources before jumping into it yourself.

Now, I'll approach this from the lending perspective:  When building a new home FHA has some pretty specific rules and regulations on the builder and the property. 

The tenant operates a methadone treatment center which is highly regulated and it would be very difficult for them to move to another location.

Then, after charging you $5000 for the initial consultation, research and feasibility study, he will recommend an offering utilizing Reg D, 506 c instead as being less expensive, easier to sell, less regulated, and have a much better chance of success.  

They are corporations that are NOT regulated by traditional Fannie Mae/Freddie Mac guidelines.

Our industry is highly, highly regulated and our houses are eye wateringly expensive.  

@Matt Hatton Let them know you've registered with the federal Do Not Call Register and are following all the federal, state and local regulations related to legally cold calling consumers.Or just say "I found it online"