Also, if anyone has a legal advisor in Virginia that is interested in working with a small investor (this will be our 2nd investment property), please pass their name and info along.

@Jeremy Bloom  the rag on the thermostat can be beat by placing a remote thermostat that is set to the legally required temperature with that remote thermostat actually controlling the temperature.

They’ll handle setting up your legal entity and obtaining your EIN (Employer Identification Number).

The irony of the 1% "rule" is that those who could even use it effectively don't need it, ie if you need to spend more than 30 seconds thinking about whether it fits the guidelines you're probably not educated enough in RE to use it anyway. 

Being novices in the game we do not have the legal or business background to know where to begin on accepting funds.

I'm not saying it's the right call or not, but if you try other things and can't get results you either move to another place or take the 'legal' route....that could be another option is ask them if they have another unit you could move into.

It really helps to speak to someone at the agency because they often will give you recommendations on how to do what you want to do legally.

It's advisable for both spouses to communicate openly about such financial decisions and consider consulting with a legal or financial professional for tailored advice.

We also are very verse on the Property Code Laws of what legally we must do and what is just good business.So @Ian McClure to answer your question, it would depend on how the new tenant was on boarded and what kind of business the owner runs concerning his property

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