We both agree to have a very clearly defined partnership agreement so that if anything comes up down the road we have a solution agreed to ahead of time. 

I was not comfortable with this solution.

That would be the standard solution.

You will buy a building with a double digit cap rate but it will be in an F areaWhat's the solution?

If it was my project, I would try to focus on getting people into a few finished units ASAP just to cut down the bleeding of 16 empty units.The 1/3" plywood is probably a good suggestion and is probably the correct way to solve the problem.Fixall and a belt sander will probably also do the trick to solve the problem for a little cheaper but a bit more labor.Alternatively, some carpet with thick pad for now could also be a reasonable solution.

I feel that these will at least get a lead to open it and not come off so much as "junk-mail" despite being labeled a "flyer".

Our possible solution is to change our use of the lot to a SFR (the front unit we live in) and then permit the rear unit as an attached ADU.

The Addendum form....It's simply labeled Addendum (C.A.R.

@Adam Anderson I'm thinking about solutions.

If you got labeled a dealer and IRS won't let you depreciate the property.Y1 - Buy property + reno 10+35 Y1-Y5 Rental income 3k per yearY1-Y5 Passive income tax on the 3K @ 25%Y-5 You sell the property and got a gain of $5K.