It doesn't count if no one can qualify being there.

Who gets a puppy and then doesn't bring it with them just going into a rental? 

Your registered address not matching the duplex doesn’t affect taxes, but updating it for consistency is advisable.

What’s your exit strategy if the partnership doesn’t perform as expected?

This doesn't mean lying to your tenants and saying that you do not own the property, but at the same time, just because you intend to live in one of the other units, do not let them take advantage of you.

That said, an umbrella doesn't have anything to do with the original question of the thread. 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

Just make sure you use a very honest agent that doesn't sugar coat anything and check the crime statistics and household income.