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Updated about 8 years ago on . Most recent reply

Occupancy Limitations in Phila. PA
Hello everyone!!
I have a question about occupancy limitations. I'm thinking about opening a boarding house. I know what most of you are probably thinking. "That's not a great idea!" I thinking opening a house like that would be just like hacking. I'll live in one of the rooms and rent out the others to random people. So here is my question.... Are there any limitations as to how many people I could rent rooms to in my house? I live in Philadelphia, PA and chance are that's where I'll buy the house. Any advice is greatly appreciated. Thanks
Most Popular Reply
I have clients that have done this - the work load was considerable; but the cashflow was over the top. Since you would be living there, the work load might go way down. You might want to keep this as cash and no leases. Keep everyone happy to minimize any official issues.