Buying a property to house hack with an LLC basically defeats the purpose of doing it.

My concern is whether the city could deny permits for these modifications, such as removing walls or converting a garage, or if they are mainly just concerned with safety and habitability.

This is a great place to invest for safety and appreciation.

I think I have the basics down:* rent roll or proof of rental payments over x period of time* copies of owner paid expenses* copies of owner repairs over the last couple of years* clean title search* home inspectionWhat are some of your favorite questions?

They all have the same basic features and you don't need any of these crazy enhancements.

They prioritize in their mind safety over yield.

Excellent, well-written post @Will Gaston Not sure if/when there will be an oversupply of the student apt complexes but I'd def agree that there will always be a strong market for SFH or basically any non-apartment style housing right around USC. 

I recently had a landlord at a workshop who owned and managed a portfolio of low end properties for over 30 years, he is basically broke and can't retire.

My question is a very basic one .. 

Can someone please let me know the mechanics of the recording process on an owner-financed deal?We write up a deed and execute the sale. The deed gets recorded at the county level in NJ. Let's assume there is no CO ob...