However, I am from New Jersey/ New York area where its a lot more cut throat and Mr Regime is inquiring about a REAL problem here.

So when rogue regimes have nukes you can get your pills for cheap.

Sometimes the smaller units where regime fees include cable, water etc... are a good money maker.

These are state licensing regimes for individuals and businesses real estate transactions.  

We will set up a condo regime, or condo association. 

A simpler approach that might accomplish what you are after is not to subdivide at all, but to set up a condo regime.  

Depending on your tax regime, you will need to make monthly or yearly (or both) tax declarations. 

I don't have an issue with the POS inspections as they provide an additional inspection report for your due diligence, however they mostly cover cosmetic issues and do not provide any good info on mechanicals or structure.The escrow requirement can be a big deal if you are buying a distressed property as you will need to fund an escrow account with up to 150% of the estimate repairs cost before you are allowed to purchase the property.Another issue is some cities have much tougher inspection regimes than others, such as Maple Heights.

I sort of "stumbled" upon the site and now it has become part of my daily regime.

I came across a post on BP about Condo Regime which basically is a way that one can take a side by side duplex and physically and/or legally on paper split the unit up into 2 separate entities with separate addresses and tax information.