@Sergio P RamosYou can make a great living just developing losts and selling to big builders.

MTR attracts a lot of traveling medical professionals and WFH individuals who need a quiet space during the day, which may not be compatible with families living in the attached LTR.

I really believe that we live in a time where all the information you need to do just about anything is available for free online.

You can probably just go ahead and live in that 5th unit, but I believe whenever you go to refinance it with a bank or what not, the 5th unit will make it require a commercial loan and not residential regardless of what the county records show the property to be. 

For context, the tenant is an elderly lady in her 70's who lives alone.

Moved July 31 2023Renters lease expires 2/2025Must have lived 2 of last 5 to avoid cap gains if sold.I’d rather not sign a new lease and go month to month but they’ll push for it.

You could start by reaching out to any local corporations that do assisted living in your area and see what they are looking for (location, space specs, etc). 

page=LoadVirtualDoc&BookmarkID=6536) that capped annual increases to the Taxable Value of a property to the lower of 5% or Michigan's Cost of Living increase.

And there are even more carriers who would insure co-living rental w/o owner-occupied - for example Obie.

I've been living JC for 15+ years and have some investment properties in Guttenberg.