The main areas usually causing problems being means of egress, fire separation for each unit, ceiling heights within each unit, sprinklers throughout all units, accessible unit and required parking. 

My question is would you do this where your main residence is even though it is almost 3 acres?

Here is the summary if you are interested.In this case, the main question is when did the investor completed his start-up phase and became actively engaged in his business.Whether a taxpayer is engaged in a trade or business is determined using a facts and circumstances test under which courts have focused on the following three factors that indicate the existence of a trade or business: (1) whether the taxpayer undertook the activity intending to earn a profit; (2) whether the taxpayer is regularly and actively involved in the activity; and (3) whether the taxpayer's activity has actually commenced.

The main problem with single family is it's hard to quickly deploy large amounts of cash. 

@Toby Munk and @Karen Fowler feel free to connect with me on other main social channels. 

My question is would you do this where your main residence is even though it is almost 3 acres?

I would love to scoop up a turnkey cabin at a discount :) I have bought probably 25 props through auction . com auctions  ( mainly Vegas) highly competitive anytime they start the opening bid so low it brings out a lot of bidders.

Built and sold.Hardy exterior, granite throughout, double arches, vaulted LR and vaulted main bedroom.

My main questions would be: how long does the entire process take from applying to actually having possible tenants to start picking from, and how do they determine exact amount for rent (the amounts listed on the housing authority site seem way higher than market rent, I’m wondering if I will actually get those numbers or not)any other general tips or advice is also appreciated!

Mainly in Pottsville, Schuykill Haven and Tamaqua.