A lien or encumbrance your relative doesn't know about, a neighbor who thinks the fence in the backyard belongs closer to the house your buying reducing the backyard to nothing, an error in the legal description that started three owner's back. 

I started out solely in investment (rehabbed houses for 3 years), and that requires a completely different set of tradesmen (investments typically aren't occupied, finishes are entry level, working hours can be longer, reliability can be lower, followup service/warranty work is non-existent, etc). 

Based on “substance over form” principles, it ruled that the IRA did not really own Roth Inc for two main reasons:The IRA was exposed to no significant risk; andAn independent person in the IRA’s shoes could not realistically have expected a benefit.Since the IRA did not really “own” Roth Inc, the income really belonged to the taxpayer – and putting that money into the IRA resulted in a taxable “excess contribution”.

What this does is tells you when two or more properties belong to one owner.

@Joe Lonetti  Is the concern that you have 3 rooms and one of those belongs to the current tenant who wants to stay? 

Don't you have to find someone who wants to be long on CMBS to write the insurance premium? 

I did find out there is an IRS Federal Tax Lien "on all property and rights belonging to the taxpayer."

@Kurtis Johnson, this kind of post belongs in the Marketplace Forum.

Market is super strong B+ where Plainfield has A+ areas so there should be long term appreciation and rent increase with time.

By having a communal space you put both your tenants and your belongings at risk.