Hey @Joel Oh, so let's clarify the NYC rules around STRs.STRs are legal in NYC as long as these directions are followed."

I am an investor and also own a handyman service that rehabs and maintains all of our properties. 

If you're anything like me, customer service is the main draw for me when I am choosing any service provider.Look at websites, reviews and testimonials.

Please provide an address where we may send legal notice. https://www.biggerpockets.com/forums/49/topics/501416-icg10-has-anyone-used-this-lender?

Interesting, since when did it become HRs problem (or legal right) to determine that "he is supposed to have found housing already".

CA is brutal when it comes to taxes.I don't give tax or legal advice, but many people believe that holding the property in your name and having a good umbrella policy is a good solution.

We now are looking to create an LLC and setup the necessary legal documents to protect both parties and layout the terms of the agreement.

Lets say your accountant tries to write off as much as is legally possible when it comes to lowing your taxible income so that your tax burden is less and you pay less taxes.

Of course not, you still have a legal tenant.

Just to add to what has been said here - if the seller described this as a triplex on the sale documents, they might have a legal liability.