He should read his mortgage and see what it says about renting and/or converting to rental.

I don't know your area, so I can only write to my experiences in PA.You don't really convert your property to Section 8 (S8), but rather sign a lease with a tenant who happens to be funded by S8.

However, after receiving the survey results, I discovered that the house is located less than 1 foot over the sublot line (see attached image).Here are the options I’m considering:Rent the current house for market value (~$1,500–1,600/month) and convert the detached garage into an ADU to rent for ~$1,000/month.Relocate the house to split the lot, then sell the newly created lot (~$100,000) while renting out the existing house.Relocate the house to split the lot and build a new home on the second lot.Demolish the current house and garage, split the lot, and build two new homes.At this time, I am uncertain about the cost of relocating the house.Questions for the community:Has anyone faced a similar situation?

Our team buys the properties and converts them and manages them so it has been a great learning experience seeing all three phases from taking down a project, renovating the building then managing the lease up.

And the plan is to convert an existing Airbnb I own (and have run as an Airbnb since 2019) to PadSplit.

You should track your own units expenses as well so when you move out, you can quickly reclaim any expenses or depreciation you built on the personal unit when converted into a 2nd business unit which would then be included on your schedule E.You also write off half of your property taxes, insurance, HOA dues, or any shared expense.

If I were to invest into one that was grandfathered in, would I have to convert it to a MTR?

We bought a single family up here last year and converted a garage to an ADU, which rented out really quickly to a great young couple.

We still need to monitor PH and it uses salt cartridges that the tub converts into chlorine.

True, converting a personal Schedule E to a partnership will indeed reduce your IRS audit chances, statistically speaking.