This is reiterated in Subchapter S via IRC 1368(a).

If I rent the entire property via arbitrage, would I also be allowed to live on property as a renter, not an owner?  

Ofcourse they have certain rules , some of which I might agree , some I might not , but at the end of the day , that is the case in every aspect of real estate investing .Anyway , I have researched extensively on using construction loans , and am doing a rehab with that approach , learnt a ton of stuff - If you ever consider that route , dont hesitate to get in touch via BP - I can review my notes and perhaps give some pointersThe first page on this website says "NO surprises" lol.

The early days padsplits operations process tried to run uusing hotel tenancy laws, that has fallen by the wayside due to magistrate court/fitting into a standard eviction process via magistrate court. 

I would recommend at least networking with 100-300 people via forums and/or zooms before you drop any money on anything (books are the exception, get plenty of those if that works for you as a learning tool).

You’re better off finding a tenant who will respect your boundaries.

With that credit score, they then try to go for a loan, be it a business loan or a mortgage.You are trying to establish your own line of credit via credit cards. 

Usually take up a large amount of land so imposes on more homes for comparable sales within the normal mileage/boundaries.

I was wondering if I need to get a Top or a Boundary survey done?

(title transfers but the loan stays in place and is not formally transfered to you via an assumption).