In this video Gene Trowbridge shows why this practice may come to an end.

No ongoing corporate actions to worry about.However, both LLCs and corporations must adhere to rules and regulations regarding their operation as an entity separate from the individual member(s).  

A streamlined process for cost segregation studies: AI is able to help streamline the cost segregation reclassifications by analyzing and identifying property components into their appropriate useful life more efficiently than traditional methods.The ability to identify eligible tax credits: AI is able to sort through and analyze a vast amount of tax laws and regulations in order to attempt to identify potential tax credits available to the real estate investor.

Remember the boy and girl conversion mostly accepted in California… but for something like AI the biggest front would be on the market where it is not regulated but tech savvy…USA is just too complex to adopt AI, the political powerhouse is still thinking in 1965 climate

Step #PhaseStep1DiscoveryTalk to experts and learn (process, tips, design tips)2DiscoveryCreate social media and document story3DiscoveryGeneral research - budget considerations, financing options, permits, regulations, tax considerations4DiscoveryMarket research - competitor analysis, analyze guest reviews, market trends5DiscoveryGather ideas/inspo (blogs, articles, youtube)6DefineCreate brand and vision7DefineCreate guest requirements (e.g. coffee maker, natural light, near activities, etc.) and prioritize must have, nice to have, etc.8DefineSketch idea for look and feel (architecture and design) - map out the floor layout9DefineConsult an architect (is this needed?)

I think you should figure out what the rules and regulations are in your specific state because that will make a difference. 

Multi by definition in law and regulation begins at 5 units.

Or alderman allowing case by case currently city wide but the regulations would make it a right of property owners without alderman approval needed? 

@Olivier Colson You will first want to find out if the locality has any “Just cause” regulations that prevent you from non renewal, or any other provisions that may keep a section 8 tenant in place.

Renting out rooms in a single-family house may be subject to special regulations in some places.Have a well-defined plan in place for room rentals.