Now that you have purchased your property, you may have to apply for your business license with the Commissioner of Revenue for a small fee and receive your business licensure checklist.

", but I am unsure if that only applies if we were to stay in the unit for less then 24 months.We would ideally like to live in the unit for 24 months, do some improvements and re-rent the unit at market rates, but Im not entirely sure what the rules are here.

@Zachary Barton Giving discounts will entice tenants to apply, for sure.

Secondly, does the "cash for keys" apply in this case? 

This may work in certain climates or seasonally, but I've ran into issues with it during "in-between" seasons where both cooling and heating was needed, so I ultimately just turned it off.Guests can switch between heat and AC but you are right, the temperature limits apply either way so it can be tricky on shoulder seasons.

I am leasing out my 1st rental property.However, the partner of the tenant that is applying doesn't have a SSN (not a resident or citizen) How do you navigate around this?

And that same thing can be applied for any finishes.  

Thanks for setting this up Jenny, I just applied on fb!

We went back/forth on his lack of logic and I just ended the call.To your situation, unless they filled out a adverse possession claim, beautified the home, or lived there 21 years, then squatter’s rights don’t apply.- As everyone said, get a lawyer ASAP for a civil and possibly criminal trial.

I have been told by the Sec 8 rep in my area that once a section 8 propertiy is purchased the new owner does not have to apply for section certification, thereby making it impossible for that new owner to accept section 8 funds.