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Updated about 10 years ago,

User Stats

95
Posts
65
Votes
Stephanie W.
  • Rental Property Investor
  • Roanoke, VA
65
Votes |
95
Posts

Tax and legal implications of 5+ units

Stephanie W.
  • Rental Property Investor
  • Roanoke, VA
Posted

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.

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