Four units and below is considered residential property.

Many more passive than residential RE.  

Depends on what your goals are. 1-4 units are still residential, so it doesn't really matter how you start.

I know the HOA documents would have information on that, but I'd like to know if there's anything else I can do to confirm that I won't be restricted (with the builder/community) if I turn it into a residential rental one day.Thank you and Happy Holidays!

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

Hey Robyn,In NYC, there's no strict requirement to have a bathtub in residential units.

The renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.

There are a wide variety of amenities that will enhance the guest experience.Some lower cost ideas for 'fun amenities' could be...

After conducting thorough due diligence, including a professional inspection and market analysis, the property was acquired for $72,000.Renovation and TransformationThe renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.

If I were you and you need to meet the requirement of working under a Broker, just make sure your agreement with the broker allows you to take all your properties with you once you leave, obtain your brokers license and start your own brokerageI would also start looking at software systems and joining the National Association of Residential Property Managers.