If your friend wanst to create a somewhat segregated space for a long term roommate inside the residence I don't know that the HOA can really do anything about that without violating federal law...

I think you’re eligible for some federal tax credits for the upgrades. 

The Federal law you're thinking of requires a lead paint notification form to all tenants when renting the unit and also requires a contractor to be RRP certified to work in any house built before 1978.

I used Navy Federal which offers up to 95% LTV.

I’ve found single family townhomes ranging from 100,000-200,000, and then I find 3, 4 unit homes in established areas (canton, federal hill, locust point fells point) and also somewhat established (Bolton hill, pigtown, hollins market, etc), but those multiunits are ranging from 300,000 to 400,000, rent in area ranging from 700-1200 a unit, but 0 down and me having a 4K reserve to work with for tenant expenses and fees, my heart says just do it take the risk, have the cash flow pay for mortgage and I save my own money into reserve ASAP,  but my mind says not a good idea to buy the multi ill be in over my head, stick to the affordable single family property, hopefully it appreciates and start rent when you leave the property.  

@Trevor Lakin I'm not sure about on the national/federal level anymore.

Hi, I  bought my home(Bayonne, NJ) around Dec 12 ,2016, tax for 1st quarter 2017 was already paid by previous owner, so I paid that amount in closing of home then for the remaining 3 quarters I paid via Escrow account later as part of mortgage installment. so when I got 1098 for year 2017 from my mortgage company it includes taxes for 3 quarters only, not the 1st quarter.so I how to get 1098 for 1st quarter of 2017                     also I have paid all taxes for entire year of 2018 in advance directly to city hall in Dec 2017 due to various news/rumors about federal tax changes on property taxes, so how I will get 1098 for year 2018 and when I can claim that, in 2017 or 2018, when I advance paid tax city hall have accessed for 2 quarters only, so paid twice of whatever they accessed for two quarter...Thanks

To that, I'd say if you are going to do it, do it right from the start because if you end up exceeding the exception, the first deal could violate the regs because it is a rolling 12-month look-back.Loan Servicing: There are annual reporting requirements under state and federal regs. 

So I got a credit from the federal government for $8,000 on my next tax filing as well as another one from the city (Parma).

And for "good reasons" that would likely to put the forum asleep, one new Ohio LLC was formed to contain each of the new properties for a total of three new LLCs that are 100 percent owned subsidiaries of the parent California LLC, which files federally as a 2 person partnership with an established Fed ID #.