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Updated about 10 years ago,
Tax and legal implications of 5+ units
I have a six unit under contract. It is my first 5+ property. I have two duplexes and four single families and manage them all myself.
Are there different landlord/tenant laws that only kick in once 'commercial property' status kicks in?
Are there any differences in the tax code for a 6 unit as opposed to a duplex?
Lastly, do any special legal issues arise once this threshold of units is reached?
Thanks in advance for the input.