The first thing you’d need to do is figure out who imposed the restriction.

We can't quite figure out how to arrange the Ralph Lauren and Gucci sections of the walkin closets.  

I understand the safest option is to have a lawyer review the lease, but I figured I'd try to answer my beginner questions here and not waste the lawyers time (and my money) on the "for dummies" explanation.Thank you!

It may not be worth using an LLC on your first one.As for the calculations, just put the numbers in a spreadsheet and figure out which option costs you more.

You don’t have to figure that out on your own.

@Levi Ballard - you figured it out, I'm busted!  

Usually, by the second month, you are figuring out how to evict.Sometimes we have a specific unit that has been on the market a long time. 

Did you figure in the additional cost of no rent for one of the tenants and how long it will take to evict them?

All the partners must agree to make the choice, and the partners must be able to figure their own taxable income without figuring the partnership's income.  

However, I don’t yet have the funds for a down payment on another house, and I’m trying to figure out the best option for where to live while I rent the apartment.Do you have any recommendations for managing this transition or tips on finding a temporary place to stay?