Later on, when I had to get the improvement legalized, got permits retroactively, in the subsequent inspection, found the gas pipes were of the wrong size.

Still high, but it’s at least one plausible partial remedy to the forthcoming destruction and termination of millions of jobs and subsequent chaos.

But being an investor, I had no choice but to carry it forward into subsequent tax seasons. 

2) Regarding insurance: would the owner then have a homeowner’s policy for the original primary residence house, and then a landlord insurance policy (and subsequently landlord umbrella insurance) on the ADU?

Possible, depending on the scale of the enterprise, but unlikely for most people for sure.

Hasan conflates this fact, when he mentions invitation homes, and then subsequently states that 11.5% of single family homes are bought by investors - THAT may be true, but in the context that they are being bought by US.So, nearly all - perhaps 98% or more, of the small residential properties in this country are owned by investors like us here on BP.

Our price point with subsequent BR sizes didn't match up.

but being a GC I believe your fine.. as long as you vest the property in your company name that has the GC license if your vesting in your personal name then I think you need a developers license the subsequent bonds and insurance.. but you can talk to the CCB to clear up whats needed what happens though is if you get in a dispute and they turn you in..

I think you would have more materials, via possession of your binder, that would defend your denial that a share was ever subsequently transferred.

@Cliff Mccue  from what I saw in the Chicago market you can ( or I suppose it legal I know it is in CA but it is not in Oregon) is these investment are fractionalized interests in ONE mortgage note.So you now have people unknown to each other in a common enterprise.. ( which always leads attorneys to securities issues)... so with this set up you can simply bring in new money via collateral assignments very very easy to do functionally.. and most investors do not have the experience or knowledge to even understand what they are doing..