Would it negativly affect my mortgage, or do I need to notify my lender at all to build the second home on the lot and then figure out the lot split later if it's necessary for renting or selling the new or original home? 

We do have a general section on our application and ask the following questions.Have you been served a late rent notice in the last 7yr?

Just thought for those of you starting out and thinking of buying one to live in for a year or two then turn into a rental or sell later, this is a wonderful option.

Found out later, he was technician with not even a year of OJT. 

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Years later I am now branching out with my own company. 

I will leave these topics later if I got chance and focusing on project development here.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I will later try to rezone as commercial like the properties on 2 sides.If the place is non-conforming, I am affraid I will never be able to refinance.Does this approach make sense?

I had no goals like JD Martin starting out, I was just fed up with being miserly with my money and still broke. 5 years later owning $2.4m through 3 properties via the hojse hacking strategy with my spouse, I am starting to see the vision and path.I continue to flip flop on what my exact investing strategy will look like (do I continue in small multi which is going well or switch future purchases to note buying via the cash flow the properties kick off?)