Also, multi-unit sales involve more legal and financial nuances than single family homes so it will be in your best interests to work with an agent.

Is there a legal limit on how many rental units/tenants we could have on one single family lot?

Soon afterwards a guy was trying to wholesale it on Facebook (not legal, btw.)

If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.

Let us know when you close your first deal!

There are ups and downs, and as you have been in business for 9 years till you closed it, there are unexpected turns, or expenses that you really do not see around the corner.

My real estate agent doesn’t seem familiar with that and didn’t tell me about the 3 people outside of family circle max requirement in single family zoning.I also need advice for renting finished basement legally and make more bedrooms, experiences and tips are more than welcome as he didn’t seem knowledgeable.Shall I change of real estate agent and find someone more used to this type of practice ?

The issue is legally be allowed to raise rents and getting around what the city believes is fair market rents.

A quick google search turned up this: https://windowwellexperts.com/...You can install a legal egress window for $3,000 - $5,000.

You will just need to lift the freeze again about a week before closing.