Matthews IV, It's a two part rule. 

I'm looking for advice because I'm excited and ready to pull the trigger.Thank you in advance for all your advice and support.

Charging for a loan modification upfront is illegal in most states and the rules around licensing etc to do this service varies also from state to state. 

The LLC has them pre-agree to certain parameters and rules on selling, etc. which heads off many of the issues with TIC version 1.0.  

Nothing has changed in 2018 with regard to these topics, so old rules still apply. 

@Mike Cumbie thanks for the support :)@Caleb Heimsoth- Just checked out your profile/ list of posts.

I am also happy to share my foundation contacts with you; just shoot me a PM (BP Rules don't allow posting of contact info in forums). 

It seems that the BRRRR calculator does not support the financing calculation showing how much cash is truly needed at closing where in an advertised 90%/10% hard money loan, the purchase price is 85% funded and the other 15% is a down payment while the rehab is 100% funded.

@Dev Paul so the rules regarding Airbnb are constantly changing in some areas.

If they are inherited, they knew the situation long before you did, and are just trying to give you a hard time as the new owner.I would explain to them that it's the municipality's rule, not yours - and despite the fact you are just as frustrated - you, just like your tenant, are powerless to change the situation as you must abide by the existing rules and laws.If the tenant is claiming that this was not disclosed up front during lease-up, offer to let them out of their lease early.