Don’t know the legal distinction between “condo” and “townhome” and “patio home” so I may have been using the term incorrectly 

These companies usually will have less than 20 professionals and will operate out of a single office location.It is probably prudent to back up at this point and provide another layer of distinction.

@Ben Feder, it's really a state and federal distinction. 

This is less of a building code question and actually a zoning ordinance issue.I'm looking for input on what is legal for an existing coach house / detached garage within the city limits of Chicago.The zoning ordinance makes a distinction between a coach house and detached garage so be aware of the difference. 

It would be nice to work in "my own backyard," but it seems to be such a distinctly seller's market here, that I don't see it working at this time. 

@Micah Hensley there's a couple of important distinctions here:Owning the property in an LLC should be thought of DIFFERENTLY than getting a loan in a LLC. 

@Tchaka Owen water/trash/sewer (approx 100-110/mo) .. utilities must be in the owner's name, with a distinction of the fact that the property is a rental, so utilities (electric, gas) are paid directly by tenant or they're shut off .. water trash and sewer must be in owner's name and per rental agreement tenant is responsible for as owner pays and tenant is to reimburse via PM

But I distinctly remember it being made from reclaimed plastic water bottles.

@Bryan Cavellier I think the distinction can be blurry with smaller outfits, but the GC is typically more involved in managing subs whereas the project manager might be interfacing with the architect, monitoring the GC and his subs, etc.

Vs. me looking at the same units and saying this is a SFR with an ADU and a JADU....to me the distinction is important when I talk to a client or the City about development potential...and how we address processes, mapping actions and whether you can sell units ect.So I say that to ask, could a SFR with ADU/JADU just be appraised as the MFR it functions as?