If you were to charge your family a really low rent, say $100/mo, the IRS would classify the home as a primary residence and some or all of your expenses would be disallowed.

The property gets classified as a flex space and your profit can survive various droughts as your eggs aren't all in one basket - If you experience high vacancy in the apartment units, the retail tenants can anchor the property without devaluing the property - and vise versa.Some Cons would be:1.

The exception of course is Ivy league but its not the MBA its the MBA from HAVAD (sic.).Which track do you desire?

Dennis Thank you Dennis, I was more so referring to tax appraisers website and county records rather than online classifieds.

The state classifies this as a felony.

Rentler is KSL.com's classified section for rental homes.

Had I come across that in an examination it would have been classified at the least (a bad gig).

Nor is every property classified the same.

I am thinking this would be classified as equipment not a building since you can pick it up with a fork truck and move it anywhere on site. 

If you want it turned over to a management company as an investment, it will be classified as an investment property which different lenders may require up to 20 or even 25% down as a secondary investment home.