One-year leases are very common in smaller spaces, as you're most often working with tenants in the trade industry that need a garage styled space for tools and equipment, some with a small 1-person styled office adjacent the shop.

However, this is less common for standard FHA loans.

If they are willing to pay a deposit a year in advance, you are not charging enough.Where my daughter goes to school it is quite common to sign leases over 1 year in advance. 

Here are some common hurdles that many investors face:Market Conditions:Project Management Risks:High Upfront Costs:Finding a Reliable Lender:Regulatory and Inspection Hurdles:Cash Flow Management:If you're in fix and flip game and need to secure funding.

Window units are very common in Columbus.

. --- So, if you're renting out rooms and everyone shares common spaces like the kitchen and living room, you're in the clear of those ADU rules.

Noise and smells, hours of operation, and access issues are very common, and many commercial tenants have conflicting needs with residential.

@Garrett Brown Can you tell me what's a home run, and is it common for the lender to change prices like you've stated in this post?

I am located in FL and am not sure of the requirements necessary if we keep it as a single lot regarding forming an HOA, maintenance of the common grounds etc. 

Even small, common mistakes like renting below market, picking the wrong tenants, unwilling/unable to enforce lease terms, slow turnovers, or unscrupulous contractors can cost more than a good PM will charge, and that's before you account for your time and the stress.If you have the personality, I recommend self-management for anyone who lives within 1-2 hours of their investments.