Obviously, I don't remember the exact word choice on the form, and was ignorant of what they were intending to ask...The closing attorney told me that that form would be sent to the IRS, so now I'm afraid it could bite me in the ***. 

Can they even do this and should I get my legal on this or just ignore and rent anyways? 

You can work on ignorance only so long before it breaks you into little pieces.7.

@Andrew Postell Pardon my ignorance, but could some form of this strategy work for a property that one owns free and clear?

I recently purchased a property in the Warrendale neighborhood of Detroit, Michigan about a year ago. The property currently has a tenant who is paying below market rent at $850 per month. While the tenant had a good ...

I am still a novice but they treat me fairly and never insult my ignorance. 

Generally ignore the 1-mile radius since it is often a commercial location.

ignore that comment above.  

You can ignore it on a duplex. 

You may laugh at my ignorance but I need some advices, your help and knowledge are truly appreciated!