Reforming these definitions can open avenues for co-living arrangements, providing more flexibility for investors and addressing housing affordability issues.Key Takeaways for InvestorsStay Informed: Understand local zoning laws and how they define household occupancy.

Also, if anyone has any experience in land purchasing I would appreciate any tips or websites on how to find the best deal or agent for the same.

The other info sounds great but I would verify the assumptions I mentioned because if they’re off, it throws everything else off.  

Bigger Pockets is a great place for education and networking and is full of great content.I recommend that you check out the following resources:1.

For example, are there specific documents or information I should prepare, or would identifying a target property first be more beneficial?

Theres a wealth of information on this platform, and Im eager to dive in.

On the surface it looks great.

This doesn't replace the need for a MSA that will capture additional clauses needed on a Contractor-SubContractor relationship, this is just a project specific form you would use in addition to the MSA (prepared by your Attorney):This template is for informational purposes only and does not constitute legal advice.

Do they use pen and paper to record this information or do they have some sort of software to manage it? 

Quote from @Fidel Mercado Gonzalez: Hi Theresa,Thank you for sharing this information—it’s really helpful.