There’s legal recourse for doing things wrong.

I don't anticipate my new tenants ever doing anything worthy of an external complaint, but now that this neighbor has my number I am curious to see what he decides to complain about down the line. 

Just make sure that you are staying out of legal trouble with the signs :) A free and easy option is to market via Craigslist, or even BackPages too, by making ads stating that you are looking for distressed houses.Pay someone place business cards, door hangers, etc around the area you're looking.Many, many options, just be creative!

Many members are experts in their respective fields related to real estate investing, whether that is real estate brokerage, wholesaling, flipping, buy and hold, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty cool discounts on various products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/pro

I really appreciate all of your opinions.Wondering if @Chris K. or @Scott Smith have any opinions on legality or asset protection?

I have been looking around but am having trouble finding some info regarding the legal aspects of student rentals.1.

I understand why the seller would want this contingency but is there a way to still make this purchase while still meeting this legal requirement? 

The language in the grandfather clause was vague, which was concerning to those who were against the ordinance and had homes that would be affected.I have no legal background, which is why I have come here (obviously). 

I have a well-established buyers list, have connections, verified that my documents are legal, reached out to realtors, etc.

We agreed to split profits 50-50 with the monthly maintenance allowance available to me as-needed.My issue is that I am having trouble figuring out how to set everything up legally to make it fair for both of us.