But the way I’m looking at it now is there are approx 44k households (assuming 2.5 folks per household) within the 5 mile radius.

In my old city this is stuff is pretty common, yet houses burned down by the standing electrical work as opposed to extension cords etc are pretty rare, plug in electric heaters are THE most dangerous household item by far.

@Kyle Lauriano,Where I come from, those units are called "condominiums", not "apartments.Such units can have some rather high monthly expenses for the common areas known as a "home owner's association" fee.

The current definition is: “Residential loan that primarily for personal, family, or household use which is secured by a mortgage, deed of trust, or other equivalent consensual security interest on a dwelling….”

@Alex SanfilippoThe model you are describing - leasing by the room (I doubt you can legally lease by the bed, nor would you want to) - sounds like a rooming house/complex ... regardless of the fact it is a condominium complex.If this is an existing operation and you are merely taking over management, I presume it is in compliance with zoning - i.e. it is a sanctioned rooming house.  

There is no mention that a 'Termination of Condominium' was filed and that it is possible (I'd say probable) that members can encumber up to their capital limits (the "C" in P/L/C on the K-1).

I am reading the book "Millionaire Next Door" which had been rec'd by a few podcast guests if I recall.They discuss the following formula as a guide to what your net worth should be:Multiply your age times your realized pretax annual household income from all sources except inheritances.

Twenty-four hours is presumed to be a reasonable notice in the absence of evidence to the contrary.(9) Promptly commence an action under Chapter 1923. of the Revised Code, after complying with division (C) of section 5321.17 of the Revised Code, to remove a tenant from particular residential premises, if the tenant fails to vacate the premises within three days after the giving of the notice required by that division and if the landlord has actual knowledge of or has reasonable cause to believe that the tenant, any person in the tenant's household, or any person on the premises with the consent of the tenant previously has or presently is engaged in a violation as described in division (A)(6)(a)(i) of section 1923.02 of the Revised Code, whether or not the tenant or other person has been charged with, has pleaded guilty to or been convicted of, or has been determined to be a delinquent child for an act that, if committed by an adult, would be a violation as described in that division.

I thought it was funny because our household income had decreased because I stopped working due to our second child just being born.

This is simple and once the divorce goes through I’ll be full speed ahead.For the last 20 years though I have been in construction and property manangemnt for single family and the last 2 years I have been running a 600 unit apartment complex and a 110 unit condominium.