@Nicole Richards Many of the answers you are looking for can be found here: How to Effectively Conduct Joint Venture Agreements as a Real Estate Investor596231-how-do-i-properly-construct-a-purchase-with-a-partnership591376-create-an-llc-for-first-partnership-best-way-to-do-so526244-taking-on-partner-s-and-limiting-our-liabilitesGood luck!

What I wrote above does not create an attorney/client relationship between us.

If you want to get around it, find a small credit union or portfolio lender who can create a custom loan for you, and that won’t require seasoning. 

Be grateful enough that you have the gift of life with the ability to create.

Kyle does offer some good words however, yes if the underlying lender (bank) finds out that you have created the AITD on the home, they can call the loan. 

Not just sitting on the MLS at least but it is possible to create a 1% property there by rehabbing a distressed property and increasing rents or getting higher rents by offering short term leases or furnished units. 

If I had the funding, I'd buy ten more houses there.It's easy for an investor to go into a new low-income area and get turned off, or worse, create enemies and put a target on the project property. 

@Ashish Acharya I didnt know any better and always created a new llc for new purchases; I assumed these 3 family homes would have more individual protection in th event of any lawsuits.

And the property owners at that time came to form a partnership with a "committee" and created bylaws, which regulates the covenant, conditions and restrictions.

Hi Matt, Balloon framing was a common framing method for many years but is no longer allowed by the building codes, due to the open spaces created that interconnect floor levels.