Dividing the property into separate lots and placing them in distinct LLCs is a smart move to limit liability.

Thanks again, I appreciate you making that valid and important distinction,Adam Adams

I know some zoning codes don't make a distinction between the two which is a bit unfortunate.

Again, these questions have a bit of turnkey flavor to them, but they work very well when interviewing management companies.

There was a distinct poop smell when you walked into the house.

check out the business expenses publication by the IRS to get a flavor for what you should consider expenses.

Just by making the distinction, tenants will be more mindful of usage, but you have to couple that with screening them well to make sure you get someone who's courteous enough to not abuse what they're given.  

It makes no distinction between real estate, medical, or UCC contract.I went one step further and provided you a Bankruptcy case in my jurisdiction which clearly states that, "For residential contracts, the contract terms control".

This is a distinction from those that value greed above all else, and those types abound here as well.Yet I must point out that my actions are self-serving.

Any good landlord or property manager not only 1) understands the clear distinction between a "notice to pay/cure" and an "eviction", but also 2) understands that using a notice is a critical tool to help maintain successful tenancies.