Pick up the phone or stop by local code enforcement offices to make sure that you have a crystal clear understanding of local laws and regulations.

I will not comment as to the tax laws and underlying rules - that is a discussion you can have with your tax advisor who presumably you are paying to help you.What I will do is provide practical and business guidance on tracking time.Firstly, there are apps available that can assist with time tracking where you can specifically detail your time, who you met with, etc.

@Nick AmYou also may want to consider other matters besides taxes, such as state law requirements for management companies and serving as a property manager, especially with a tiered structure.

Would definitely check local zoning / code enforcement laws as well.  

The law allows you to charge for ALL cleaning, including trash removal.

Zoning and Permits: Make sure to check the zoning laws and permit requirements for building an ADU in the area. 4.

I also have a pretty good grasp on UCC law, which is why the  information that the "Bank of Banks" implies is of concern to me, and quite frankly, should be of concern to everyone.

If the tenants don’t leave by the deadline, your next step would be to check your state’s landlord-tenant laws to understand the eviction process.

@Jerry Tello I should have mentioned the laws and how they affect your returns vary tremendously from state to state, and sometimes county to county.

Look up NC Tenant/Landlord Law.